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Bitcoin (BTC) Eyes $120K as CME Gap Looms: Is a Drop to $80K Next?

  • Bitcoin is holding strong above $91K, forming a bullish ascending, broadening wedge pattern.
  • Analysts predict potential price targets of $120K or even $138K, with correction risks around $77K-$80K.
  • Hedging strategies and caution with leverage are crucial amidst volatile market scenarios.
  • The cryptocurrency market is inherently volatile, making predictions challenging. Traders must be prepared for different scenarios and employ risk management techniques.

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