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Bitcoin Near-Term Risk: Watch for 15-25% Pullback Amid Key Support Levels

Bitcoin (BTC) risks a deeper pullback after briefly reclaiming support, with analysts signaling a corrective phase that could push BTC toward the $108k-$110k region if key supports fail. The piece notes a failed hold at around $119k and a potential second price-discovery correction, suggesting that the path forward remains bearish in the near term while a rebound could reset momentum if $116.5k-$117k holds and the broader range remains intact.

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Analysis

Contextual factors point to a cautious stance on BTC. The price action has oscillated within a defined range ($112k-$122k) after an ATH near $124.2k, with a recent breach of $119k on the weekly close ...

Recommendation

Strategy: Maintain a cautious stance with defined risk controls. If you already hold BTC, consider tightening stops near the $112k level to protect against a break, and look for bullish confirmation a...

Disclaimer

The 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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