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Bitcoin: $99K looks near, but bears rule – Should you sell or HODL?
The recent fluctuations in the cryptocurrency market have led to a sense of uncertainty among investors. The Bitcoin price has been experiencing a range-bound short-term price action, accompanied by intensely bearish sentiment. This has raised concerns about whether investors should sell their holdings or hold on to them.
A recent analysis suggests that long-term holders may be able to take profits if the price moves beyond $140k. However, it is crucial for investors to consider their individual financial circumstances and investment goals before making any decisions.
Historically, Bitcoin’s realized pricing bands have demonstrated that a move beyond the 3.2 multiple could provide an opportunity for long-term holders to capitalize on their investments.
Source: ambcrypto.com
