Bitcoin Repeating 2024 Rally? Analysts Eye ‘Real Breakout’ To $120,000

Amid the Trump-Musk online feud, Bitcoin (BTC) has hovered within the mid-and-low areas of its local price range, hitting a one-month low near the $100,000 support. However, some analysts suggest that the cryptocurrency is preparing for the “real” price jump toward a new all-time high (ATH) Related Reading: SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold Bitcoin Prepares For ‘Real Breakout’ Over the past 24 hours, Bitcoin experienced significant volatility fueled by the online feud between US President Donald Trump and Tesla and X owner Elon Musk. The flagship crypto’s price took a beating on Thursday afternoon after dropping by over 5% from the $105,000 level to the $100,000 support. Before the pullback, BTC had been attempting to reclaim its local mid-range area after its recent performance source: https://www.newsbtc.com/news/bitcoin/bitcoin-repeating-2024-rally-analysts-eye-real-breakout-to-120000/