While Bitcoin's recent performance has been strong, technical indicators and on-chain data suggest caution. A short-term correction to the $92,000 and then to $90,000 range is possible, especially if the $100,000 support fails to hold. However, long-term fundamentals remain robust, with institutional interest and network security at high levels.
Traders should monitor the given key support levels and on-chain metrics closely to navigate potential volatility in the near term.
Traders should monitor the given key support levels and on-chain metrics closely to navigate potential volatility in the near term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.