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Bitcoin Price Prediction: Short-Term Bounce On Cards, But With a Twist

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Bitcoin (BTC) is attempting to bounce from a key support zone on the daily chart after showing oversold conditions in the short term. The price reacted from the $92,500 to $94,000 Fibonacci golden pocket, giving buyers a temporary setup to defend this area. However, the broader market remains under pressure, mainly due to large ETF outflows led by BlackRock.

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