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Blockonomi
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Bitcoin (BTC) Price: Technical Analysis Shows Consolidation Near $105,000 Level
- Bitcoin price tested the $103,200 support zone after declining from $110,500.
- BTC is now trading above $105,000 and the 100-hourly simple moving average.
- Bitcoin exchange reserves have fallen to an all-time low of 2.5 million BTC.
- Institutional accumulation is increasing with large holders steadily adding to their positions.
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