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Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week?

  • Bitcoin's price is on the verge of creating a new all-time high.
  • BTC is currently testing the $74K resistance zone, which is likely to break to the upside.
  • The RSI indicator suggests a short-term consolidation or pullback, but overall market structure is positive.
  • Short-term holder SOPR indicates that profit realization is lower compared to previous levels around $74K, indicating a sustainable rally may be expected.

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