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CoinOtag 2024-06-26 18:33:45

Will Bitcoin Plummet to $48,000? Analyst Predicts Significant Decline Amid Consolidation

The trajectory of Bitcoin remains uncertain as it hovers around 20% below its all-time highs, facing potential risks from ongoing consolidation. Market dynamics and the behavior of long-term holders (LTHs) are heavily influencing these fluctuations. Analysts observe historical patterns and recent trends to project Bitcoin’s price movements, highlighting both bearish and bullish indicators. Market insights:

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