Bitcoin (BTC) Price Prediction: BTC/USD Pair May Retest the $76,000 Support Level

Bitcoin (BTC) price is again targeting the $100,000 mark. The first level is presented as the key zone of value of the main digital currency

Bitcoin began the week on a high note, trading above $96,600 on Tuesday, following a flash crash last week that saw the cryptocurrency briefly drop below $90,000. However, market experts are predicting a steeper decline to the $70,000 level.

Traders are likely to be keeping a close eye on macro signals and technical factors that could influence Bitcoin's price movements in the coming sessions. Here's a closer look at the forces driving Bitcoin's performance.

Crypto markets are bracing for a tense period ahead of President-elect Donald Trump's inauguration on January 20. Trump's pro-crypto stance has been positive for the market, with key positions like SEC Chair and AI & Crypto Czar set to play a crucial role. However, uncertainty remains regarding his administration's monetary policy and stance on Bitcoin.

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