Bitcoin Price Analysis: BTC’s 25% Rally Faces Its First Serious Threat
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Bitcoin’s recent ~25% rally is encountering its first material threat as momentum is fading and technical indicators point to rising selling pressure. A break of short-term support would likely trigger a corrective pullback that could erase a significant portion of the recent gains and test longer-term support. Implication for Bitcoin: the bullish outlook is at risk in the near term, so market participants should prepare for heightened volatility and the possibility of a deeper retracement before any renewed uptrend.
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