bullish

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin maintains critical support above $67,559, aligning with continuation patterns toward the $116,652 target.</li>  
 <li>Current price at $100,203.92 with an OI-Weighted Funding Rate of 0.0099%, indicating balanced leverage and stable momentum.</li>  
 <li>Surpassing $116,652 could push Bitcoin toward $165,000+, reinforcing its strength in the cryptocurrency market.</li> 
</ul>  
Bitcoin (BTC) is maintaining a solid position above the $67,559 price level, signaling significant market resilience.  
This achievement keeps the $116,652 target in play as the cryptocurrency shows signs of a possible continuation pattern. Current price action aligns with confirmed technical patterns, indicating a potential near 15% upward movement toward this key target.  
<h2 class="wp-block-heading" id="technical-confirmation-of-116-652-target">Technical Confirmation of $116,652 Target</h2>  
According to Javon Marks, recent price movements have confirmed <a href="https://cryptofrontnews.com/blackrocks-bitcoin-strategy-a-game-changer-for-institutional-portfolios/" rel="noopener noreferrer nofollow">patterns that indicate a continuation of Bitcoin’s upward trajectory</a>.  
Holding above $67,559 establishes a critical support zone, laying the groundwork for BTC to approach $116,652. Analysts point to this target as a pivotal level, with any successful break above it expected to create further bullish momentum.  
<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdGsh040tE8StVEIQAmutwxEPpCaibQlJLpTJI0SNy_RMRFXJm2E1RcSxQto2k8OyyIUbmVHIAlyoZGgIV47X3Mt4ktEna5rHihu1H2rBf6xpFpLmOEM7s8DtudaDJXPiXGVTF9?key=34vzYCHBr6op7qt7k97YIung" width="624" height="345">  
 Source: <a href="https://x.com/JavonTM1/status/1867231557347389451" target="_blank" rel="noopener noreferrer nofollow">Javon Marks(X)</a>  
The price action aligns with established continuation patterns, confirming Bitcoin's ability to maintain critical support zones. The upward trajectory indicates a near 15% move toward $116,652, as shown in the projection.&nbsp;  
The $116,652 level represents a significant psychological barrier and a technical milestone. Bitcoin’s trajectory toward this target reflects increased market activity and strong interest from institutional and retail traders.  
<h2 class="wp-block-heading" id="beyond-116-652-potential-for-165-000-and-current-market-activity">Beyond $116,652: Potential for $165,000+ and Current Market Activity</h2>  
According to Coinglass data, Bitcoin trades at a price value of $ 100,203.92 at the time of press, alongside the Open Interest (OI)-Weighted Funding Rate reading at 0.0099%.  
The data reflects a consistent upward trend in Bitcoin’s price, with significant movements observed from late October to December. The OI-Weighted Funding Rate remained relatively stable during this period, indicating balanced leverage dynamics.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfsVUAZPNYBkkvaVH2fGbElvnc9e8SKwcExaicBb9uelrrSlPek1gQMMMwqIxRogqrD3RRP6kk0q89cMHeDCyYwnslH_NsaiSbN0tZunYIFkzmKhx8-NDZwejy6f-uGMfbkljT?key=34vzYCHBr6op7qt7k97YIung" alt="">
</figure>  
Source: <a href="https://www.coinglass.com/currencies/BTC" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>  
If Bitcoin successfully surpasses the $116,652 level, the next major target could extend to $165,000 and beyond. Breaking above $116,652 is anticipated to provide additional room for price movement, opening up broader possibilities for higher price points.  
The $165,000 level serves as a long-term projection based on historical price patterns and momentum trends. Achieving <a href="https://cryptofrontnews.com/texas-introduces-bitcoin-reserve-bill-to-reinforce-its-role-as-a-blockchain-and-mining-leader/" rel="noopener noreferrer nofollow">this milestone would reinforce Bitcoin’s position </a>as a dominant asset in the cryptocurrency market.

Bitcoin Holds $67,559 Support, Eyes $116,652 Target with 15% Move in Play

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