The $104.5K Hurdle

This week, Bitcoin has its sights set on a crucial hurdle: a weekly close above $104.5K. This level has been a major source of resistance for the cryptocurrency in recent months, and a close above it could be a significant bullish signal.

The Warning of a Deeper Pullback

However, not everyone is convinced that a weekly close above $104.5K is inevitable. Some analysts are warning of a potential deeper pullback, which could delay the bull run and send the price back down to lower levels.

What’s Beyond $104.5K?

If Bitcoin does manage to break above $104.5K, what’s next for the cryptocurrency? According to some analysts, the sky’s the limit.

The Bottom Line

Ultimately, the future of Bitcoin’s price is impossible to predict with certainty. However, one thing is clear: the cryptocurrency market is facing a critical moment, and the outcome will have a significant impact on the direction of the market in the coming weeks.

As such, investors and traders alike would be wise to keep a close eye on the weekly close of Bitcoin’s price, and to be prepared for whatever the market may throw our way. Will the bull run be delayed, or will Bitcoin continue to rise to new heights? Only time will tell.