Bitcoin Outlook: Bullish Breakout in Sight?

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Bitcoin is at three-month highs near $100,000, with a bullish breakout anticipated due to institutional adoption and positive regulatory outlook.

Bitcoin prices have reached three-month highs, approaching the $100,000 threshold after a three-month consolidation period above the $80,000 level. This price action suggests a strong potential for a bullish breakout, fueled by continued institutional adoption and favorable regulatory developments, even in the face of heightened global geopolitical uncertainty. Technical analysis from a three-day timeframe indicates Bitcoin forming an ascending triangle pattern; a sustained hold above the $95,000 zone could lead to an extension towards $110,000, a retest of the $126,000 record high, and a broader breakout targeting $130,000, $135,000, and $150,000 levels.

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