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BTC

Bitcoin at Crossroads: Key Support Levels and Anticipated Market-Deciding Event

The cryptocurrency analyst Dr. Cat forecasts that Bitcoin is at a crossroads, and the dream of reaching 15,90k is just a story. Technical analysis points to a narrow imbalance range (102.6k to 106.3k) as the key support levels. The Weekly Chi Kou Span remains above previous candle closes, indicating a strong upward trend until it is broken. In the next two to three weeks, a decisive event is expected that will determine the market's direction. At the time of publication, BTC is trading at 108.783k.
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AI Analysis

The analysis by Dr. Cat suggests that Bitcoin is currently navigating a pivotal phase, with technical signals indicating a narrow support range that is crucial for its next move. The specified support...

AI Recommendation

Considering the technical indicators and support levels outlined, the prudent approach would be to maintain a cautious stance. Investors should closely monitor the support range between 102.6k and 106...

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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