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Bitcoin (BTC) Price: Trading Range Set Between $80K-$100K for Next Quarter
- Bitcoin experienced high volatility, reaching $109,114 before dropping to around $78,248.
- BTC is currently trading at $87,070, showing signs of recovery with a 4% uptick.
- Analysts predict Bitcoin will remain between $80K-$100K for the next 2-3 months.
- Strong selling pressure nullified gains from Trump’s crypto reserve announcement.
- Market sentiment currently shows “Extreme Fear” according to the Crypto Fear & Greed Index.
- Bitcoin is in a corrective phase expected to last 2-3 months, trading between $80,000 and $100,000 before potentially rallying towards $130,000.
- The recent volatility in Bitcoin followed President Trump’s crypto reserve announcement, leading to a surge and subsequent drop in prices.
- Market analysts are cautious about Bitcoin's short-term price direction amidst uncertainties and upcoming economic events.
- Crypto market sentiment remains in the 'Extreme Fear' category, indicating widespread uncertainty among participants.
- Investors are advised to brace for potential sideways trading as Bitcoin navigates through its corrective phase, with optimism for substantial rallies in the future.
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