BTC has formed a short-term demand zone around $101K to $102K, with the 50 MA also acting as strong support in this area.
Not expecting major moves for now, likely to see some sideways action within this support and resistance range for a while.
As I mentioned in my previous BTC update, price has been moving parabolically, so a healthy correction may occur, so be prepared for the worst-case scenario.
Stay tuned and follow for more instant updates. #bitcoin
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