Bitcoin is consolidating around $105,500, but the market may be in the early stages of a new super cycle.
Bitcoin is currently trading at around $105,500, near a key support level, with market sentiment cautious. This level could be a turning point for short-term directional choices; if it breaks down, it may test support around $74,573,058,490,103,000. If it holds, it may look to challenge $115,000 again.
On the other hand, although the market is highly volatile in the short term, the long-term outlook remains optimistic, as the long-term upward trend has not been broken, and it is expected to potentially challenge the $115,000 level again, currently possibly in the early stages of a new super cycle.
#BTC
Bitcoin is currently trading at around $105,500, near a key support level, with market sentiment cautious. This level could be a turning point for short-term directional choices; if it breaks down, it may test support around $74,573,058,490,103,000. If it holds, it may look to challenge $115,000 again.
On the other hand, although the market is highly volatile in the short term, the long-term outlook remains optimistic, as the long-term upward trend has not been broken, and it is expected to potentially challenge the $115,000 level again, currently possibly in the early stages of a new super cycle.
#BTC
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BTC
103,202
-1.31%
