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Bitcoin is trading just 5% below its all-time high around $109,300, consolidating after a powerful multi-week rally that has captured market attention. Bulls remain firmly in control, with price action showing strong resilience above the $100K psychological level.
As the market pauses to find direction, speculation is growing about what comes next. Some analysts believe the consolidation is merely the calm before a massive breakout to new highs. Others argue that Bitcoin may need to correct first, shaking out weak hands before continuing higher.
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Top analyst Daan weighed in with a technical perspective, highlighting a familiar pattern that has emerged since the April lows. With price holding firmly in a narrowing
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