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Bitcoin Price Analysis: Can BTC Overcome October’s Market Challenges?

  • The Bitcoin market opened with a bearish candlestick and struggles to break above the opening price of October 1.
  • A recent analysis report suggests a shift in market behavior of long-term and short-term Bitcoin holders.
  • Realized cap of long-term holders dropped, indicating negative sentiment, while realized cap of short-term holders increased, indicating positive sentiment.
  • Bitcoin price experienced rejection at the Realized Price level, signaling a potential short-term correction.

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