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Bitcoin Hits Local ATH but Analysts Warn: Time to Sell and Watch Key Support

  • Crypto trader Atlas advises locking in profits at the current cycle top and warns of emotional retail pitfalls.
  • He emphasizes the importance of selling into Bitcoin ATH to outperform the market cycle.
  • Atlas and analyst Ali Martinez caution about Bitcoin's intraday price structure and the need to hold above $108,300.
  • A drop below $108,300 could lead to a decline towards $107,000, according to Martinez.
  • Both analysts recommend monitoring key support levels closely amid Bitcoin's potential turning point.
  • BTC is targeting $120,000, while altcoins show potential for historic breakouts, providing more insights for investors.
  • It is crucial for traders to be aware of psychological levels and key chart zones to optimize gains or manage risks.

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