Bitcoin Tests Historical Support Level
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Bitcoin is presently retesting an important historical support level at $64,000, which is seen as pivotal in the eyes of traders and analysts. One key on-chain metric under scrutiny is the Realized Price of short-term holders. This metric provides insight into the price at which recent buyers are likely to sell, potentially impacting future market movements. Understanding these dynamics can help anticipate Bitcoin's price direction in the near term.
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