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Bitcoin at $104K, but falling MVRV ratio hints at short-term correction

  • Bitcoin is trading at $104,082, down about 1% over the past 24 hours.
  • Market attention focused on a support zone between $98,000 and $101,000 considered crucial for maintaining bullish momentum.
  • DonAlt warns of a potential 15% price drop to $90,000 if support at $98,000 to $101,000 is breached.
  • MVRV ratio falls below the 200-day moving average, indicating potential weakness and raising concerns about short-term downward moves.

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