BTCUSD remains above the 1M Pivot Point (PP), indicating strong bullish momentum as the price edges closer to the 100K mark once more. Currently, the 1M PP is being tested as support; if it holds, there is a higher likelihood of further upward movement. However, should the 1M PP break, sellers anticipate a significant price drop. While downside potential exists, the current trend favors continued bullish action, with further upside being the more plausible scenario.
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