Bitcoin Approaches $100K Amid Market Uncertainty
TL;DR Summary
Bitcoin's price fell below $112K, with $107K acting as a short-term support level, amid a cautious market sentiment and signs of profit-taking by whales. Technical indicators suggest a neutral risk/reward balance, and traders are advised to watch key on-chain metrics for potential entry and exit points, especially if Bitcoin's price stabilizes above the $107K support.
Topics:business#bitcoin#cryptocurrency#market-sentiment#on-chain-metrics#price-analysis#support-levels
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- Crypto ‘buy the dip’ calls are spiking, which may signal more downside Cointelegraph
- Bitcoin drops ahead of the long weekend Sherwood News
- Bitcoin heads toward $100K as US trade deficit, China bank woes raise alarm TradingView
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