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Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?

  • Bitcoin is consolidating below the crucial $70,000 level after a volatile week of price fluctuations.
  • Short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium, indicating optimism among investors.
  • The consolidation and rising demand among short-term holders create a favorable environment for potential price appreciation.
  • Bitcoin's key levels to watch are $65,000 for support and $70,000 for a potential breakout and continuation of the bullish phase.

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