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Bitcoin Approaches Critical Weekly Close, Potential Delay to $270K Target
An orderly pause coupled with a more substantial retracement may be underway. If the weekly close falls below the current levels, it could trigger the November-to-April contingency plan, which would delay any movement towards Dr. Cat's target of $270,000 until the next halving cycle.
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AI Analysis
The current market sentiment around Bitcoin indicates a cautious pause followed by a potential retracement. This suggests that traders are waiting for confirmation through weekly closing prices. A clo...
AI Recommendation
Given the current situation, it is prudent for investors to exercise caution and monitor the weekly closing prices closely. If the support is broken, it may be wise to reduce exposure or at least prep...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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