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Are We Facing Another Bitcoin Market Correction Like in 2021?

  • Trader Alan Santana highlights a potential market correction for Bitcoin, drawing comparisons to price patterns in 2021.
  • Over 320,000 active Bitcoin addresses interact near its previous all-time high, signaling strong holder sentiment.
  • Santana suggests that the current pattern in October 2024 resembles past bearish trends in April and November 2021.
  • Key support levels for Bitcoin are identified at $55,000, $44,000, and $36,000 as potential targets in case of a market downturn.

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