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Bitcoin Mid to Long-Term Update
Bitcoin is nearing a critical resistance zone at $116,000–$120,000, where historical trading volume is highest. We anticipate a potential stall in price action at this level, and our next steps will depend on market behavior. Two outcomes are possible:
Breakout: A strong move through $116,000–$120,000 with sustained momentum and could signal a push toward all-time highs or higher.
Rejection: Failure to break this zone may lead to drop to re-accumulation zone between $85,000–$90,000.
We will monitor and provide updates as the situation develops.
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DISCLAIMER
This publication is general in nature and is not intended to constitute any professional advice or an offer or solicitation to buy or sell any financial or investment products. You should seek separate professional advice before taking any action in relation to the matters dealt with in this publication. Please also note our disclosure here
