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Bitcoin Slight Pullback — Watching for Breakout Above Recent High

I see Bitcoin trading at $117,433.90 with a modest intraday pullback of about 1.4% and a weekly gain of 0.28%. In local terms it sits around 4,820,251 TRY, with a high at 4,870,625 TRY and a low at 4,794,343 TRY.

Volume is moderate, indicating consolidation rather than a decisive move. I'm watching price action near the recent high for a breakout and the recent low for a potential breakdown before changing my bias.

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Analysis

Price shows short-term consolidation: small declines intraday but flat weekly performance and moderate volume suggest neither clear bullish nor bearish conviction. Key levels are the recent high (4,87...

Recommendation

I'm watching rather than initiating new positions. Consider buying only on a confirmed breakout above the recent high or waiting for a clearer setup if price breaks the recent low.

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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