Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98%

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Bitcoin price action favored bulls as the weekly close neared, with BTC nearing $113,000 ahead of a key week for the Federal Reserve.

Key points:

Bitcoin brings upside volatility into the weekly close with a charge through $112,000 resistance.

Traders hope for new local highs next as the BTC price recovery continues.

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