Bitcoin’s fate hinges on $102K – Breakdown or brea
Bitcoin’s fate hinges on $102K – Breakdown or breakout ahead for the price? Long-term outlook may be bullish for Bitcoin, but short-term volatility could play a role too.Bitcoin-102k-1000x600.jpeg
Bitcoin has held firm above its monthly open for June Fibonacci retracement levels highlighted the importance of the $102k support zone Bitcoin [BTC] holders have continued to remain steadfast. In fact, a recent report revealed that whales/retail BTC inflows to exchanges slowed down too.
This behavior may be evidence of a preference for holding, rather than selling. While this could be bullish in the long term, the short-term price action might also see a dip.
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