Bitcoin Magazine Bitcoin Price Soars Past $106,000 Following Weekend Recovery

Bitcoin price surged above $106,000 on Monday, reclaiming ground lost during a volatile weekend that saw brief dips below $100,000 on Friday.

Despite early-week bearish pressure, buyers stepped in repeatedly at key support levels. Bitcoin price was up 1% in 24 hours throughout the day.

Over the past week, Bitcoin price flirted with the $100,000 threshold multiple times, dipping slightly below on Tuesday, Wednesday, and Friday. However, bulls quickly defended these levels, ensuring no daily close occurred under $100,000.

The 55-week exponential moving average (EMA) at $99,000 repeatedly acted as a reliable support floor, providing a strong foundation for the current rebound.

Technical analysts now point to $1

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