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Bitcoin could rise back toward $100,000 if this happens, as dollar and stocks fall while gold rises   - MarketWatch

1. Bitcoin may surge toward $100,000 if it exceeds $88,000 soon. 2. The weakening dollar and rising gold prices could favor BTC. 3. Overcoming current resistance levels could lead to further gains. 4. Investors view BTC as a potential safe haven again. 5. Bitcoin's recent strength diverges from U.S. equities performance.

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FAQ

Why Bullish?

A bullish outcome for BTCUSD hinges on breaking key resistance levels. Historical patterns show BTC often gains traction amid dollar weakness.

How important is it?

Market sentiment around BTC as a store of value is strengthening amid dollar and equity volatility.

Why Short Term?

Immediate price movements are likely as BTC approaches critical resistance near $88,000. Historical instances show rapid response to technical breakouts.

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