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Bitcoin price is up 4% in the last 24 hours moving back above $106,000 as the broader market euphoria revives following Donald Trump\u2019s inauguration and a large number of ETF filings. As BTC attempts a breakout from the $101-$106K range high, analysts are hopeful of a new all-time high coming soon. Furthermore, on-chain data shows strong whale accumulation and network activity.<\/p>\n
This week has been volatile for Bitcoin as the BTC price swung from the weekly lows of $96,703 all the way to its all-time high of $109,114. With today\u2019s gains, Bitcoin price is making yet another attempt to hit fresh highs, as market leaders like MicroStrategy continue to accumulate<\/a>.<\/p>\n Bitcoin is consolidating within the $101K-$106K range as it prepares for a potential breakout, according to insights from analyst Rekt Capital.<\/p>\n <\/p>\n