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Bitcoin Holds Strong Above $96,000 – Key Level to Watch
Bitcoin continues to consolidate within the $92,000 – $102,000 range, maintaining its bullish stance despite market fluctuations. Analysts highlight that a crucial price level is emerging, which could determine BTC’s next move. While the momentum to break new all-time highs remains uncertain, the strength of Bitcoin’s current position suggests that significant bearish pressure would be needed to drive prices lower.
On-chain data points to a key support level that traders should closely monitor. Will Bitcoin gather enough momentum for another breakout, or are we in for an extended period of consolidation? Stay tuned as the market unfolds.