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Can Bitcoin Price Hit $200K If China Announces BTC Strategic Reserve Tomorrow?

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Bitcoin price is poised for a parabolic rally to $ 200,000 if China launches a strategic Bitcoin reserve.

Bitcoin price today trades at $ 86,221 after a slight 2.5% drop in 24 hours .

China has the second -highest Bitcoin holdings among countries after the US , with 195,000 BTC seized from PlusToken crypto scam.

Bitcoin is currently under bearish pressure amid a lack of strong demand in the broader crypto market.