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Bitcoin Price Analysis: Can BTC Bounce Back to $100K Following 8% Weekly Drop?

  • Bitcoin price is facing a consolidation phase near $108K resistance level.
  • Strong support zones suggest potential for a short-term bullish rebound.
  • Technical analysis indicates a rebound from $90K support could lead to a renewed attempt to reclaim $108K mark.
  • On-chain analysis shows sustained confidence among investors, supporting continued growth.

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