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Bitcoin Loses Momentum as Altcoins Face Heavy Liquidations

Bitcoin's value has fallen to $105,485, marking a 4% decrease from its high last week. The cryptocurrency has experienced a daily dip of 1.8%, driven by cautious market sentiment. Meanwhile, altcoins are suffering with close to $1 billion in long liquidations, indicating the collapse of an 'Altseason' recovery attempt.
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AI Analysis

The recent decline in Bitcoin's price to $105,485, representing a 4% retracement from last week's peak, suggests that the cryptocurrency market is currently experiencing a period of consolidation or c...

AI Recommendation

Given the current market conditions, it is advisable for investors to adopt a cautious stance. Monitoring Bitcoin's support levels around the $105,000 mark is critical, as a break below could accelera...

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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