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#Can BTC Return to 100k? #BTC 📈 Bitcoin forecast for the week
From April 28 to May 4, RBC-Crypto experts expect significant changes in the Bitcoin market. Currently, its price is approximately $94,000, which is the result of a more than 10% increase over the past week. The main factors contributing to this growth include the weakening of the US dollar and an improvement in the geopolitical situation.
Analysts emphasize that it is critically important for Bitcoin to stay above the $90,000 level to maintain a bullish trend. Overcoming resistance at $95,500 could pave the way to a historical high around $109,588. Investors' attention is also focused on upcoming economic reports, including US GDP data, which could significantly impact the market.
Despite positive trends, short-term investors remain cautious, which may lead to profit-taking in the event of a rise.