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BTC

Bitcoin Price Consolidation Near Key Resistance Levels with Reduced Selling Pressure at Higher Ranges

According to Glassnode, Bitcoin's price has been gradually retracing within the $109,000 to $116,000 range, filling in the previous gaps. Additionally, there appears to be less selling activity between the $118,000 and $120,000 levels.
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AI Analysis

The recent analysis from Glassnode suggests that Bitcoin is experiencing a gradual retracement within a specific price range, namely $109,000 to $116,000. This retracement seems to be filling in previ...

AI Recommendation

Given the current market consolidation, I recommend cautious optimism. Keep an eye on the $116,000 to $118,000 range as critical support and resistance zones. If Bitcoin manages to break above $120,00...

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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