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Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance Newsbtc há 6 dias

Bitcoin Price Holds Above $96,000 — Analyst Explains This Level’s Significance 📈

The Bitcoin price remains within the $92,000 to $102,000 range, raising questions about its future direction. Despite uncertainty about achieving new all-time highs, strong bearish pressure would be needed to significantly lower its price.

An analyst named ShayanBTC highlights the importance of the $96,000 mark based on UTXO age bands. This measure indicates support levels for short-term investors, suggesting that staying above this price reinforces a bullish outlook.

A fall below $96,000 could shift investor sentiment from confidence to caution, potentially affecting Bitcoin's upward momentum.

Fonte: www.newsbtc.com ↗

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