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Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand Newsbtc 3 days ago

Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand 📈

Bitcoin remains in a state of uncertainty, trading at around $96,500 for several consecutive days. Market indecision has kept bulls from pushing past the $100K mark, while bears struggle to break lower. Notably, crypto expert Axel Adler highlights the $97K level as a significant support zone, indicative of holders' confidence.

This consolidation reflects both frustration and caution amongst investors, causing them to watch for potential shifts in market dynamics. Historically, Bitcoin has bounced between $109K highs and $90K lows, teasing the possibility of a rally if certain levels hold.

Investors are monitoring signals closely, as holding above $97K could pave the way for renewed bullish momentum. However, dipping below $95K risks pushing Bitcoin into lower demand zones. These dynamics remain crucial as the market awaits Bitcoin's next major move.

Source: www.newsbtc.com ↗

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