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Bitcoin’s price encounters a challenging threshold that could determine its future. If rejected at this level, it could lead to a sharp correction; however, if it holds as support, it may trigger a rally towards $100,000. Market participants eagerly await which scenario will unfold over the weekend as Bitcoin 
$104,365 is trading at this decisive level.
Current Status of Bitcoin Price
Recently, Bitcoin has shown signs of recovery after an 8.88% decline, now trading at a significant level. Investors targeting $100,000 expect Bitcoin to surpass this threshold. While other altcoins are showing upward trends, many anticipate Bitcoin to stabilize.
Updates on the Bitcoin Network
The Bitcoin network, with a market value of $1.93 trillion, is regularly updated to remain strong, decentralized, and secure. Important updates such as Taproot and SegWit have been implemented in recent years to enhance the network’s functionality.
Currently, Bitcoin’s market value aims for $2 trillion, and expectations surround its ability to reach this level. Together with Ethereum 
$2,522, they control about 65% of the total cryptocurrency market value.
Bitcoin’s 24-hour trading volume remains high, with major crypto exchanges contributing significantly to this volume. Binance plays a major role in facilitating a large portion of Bitcoin’s trading activity.
Network security and decentralization are among Bitcoin’s most crucial features, playing a vital role in its long-term success. Past updates have made the network more efficient and secure, continuously attracting user interest.
