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Bitcoin’s next move depends on BTC’s price holding on to THIS level!
The cryptocurrency market has been in a state of flux recently, with many wondering what the future holds for Bitcoin. While it is difficult to predict with certainty, there are certain levels that could determine the direction of the asset.
As of now, Bitcoin’s price is hovering around $96,110, and maintaining this level will be crucial for any potential turnaround. If BTC fails to hold onto this support zone, we may see further declines in the short term.
A key indicator is the realized price of new whales at $89.2k. This level has been a vital source of strength for Bitcoin’s consolidation on the charts, and as long as it remains above this threshold, there will be less pressure to sell. Additionally, this could also trigger upward momentum if the right factors come into play.
It is essential for traders to monitor price action relative to this support zone closely as it may dictate the next move in the market.
In other words, Bitcoin’s next move depends on its ability to hold onto THIS level!
Source: ambcrypto.com
