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BTC price to hold $96K support as BlackRock moves to Bitcoin ETFs in Europe

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Summary
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77% Informative

Bitcoin (BTC) price consolidated within the narrow 5% range between $95,000 and $100,000 on Wednesday, Feb. 5 , as markets struggled under bearish headwinds from the US - China trade war.

BlackRock Inc. , the world’s largest asset manager, is preparing to list an exchange-traded product directly tied to Bitcoin in Europe .

This move follows the overwhelming success of its US -based Bitcoin ETF, which has amassed $58 billion in assets under management.

Bitcoin price forecast charts shows BTC is could find crucial support zone at the $ 96,000 level.

Bitcoin ’s ability to maintain support at $ 96k amid macroeconomic turbulence will be critical in determining its short-term trajectory.

Next major Bitcoin price resistance zone is located between $96 K and $ 100K.

Should Bitcoin breach $ 100,410 , it could open the door to further upside momentum toward the $ 106 K level.

VR Score

70

Informative language

66

Neutral language

48

Article tone

formal

Language

English

Language complexity

65

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Time-value

short-lived

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