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Image Credit: Cryptopotato

Bitcoin Price Analysis: Is BTC Out of the Woods After 8% Correction?

  • Bitcoin faces selling pressure at $111K, leading to a bearish rejection.
  • Price lacks bullish momentum, signaling possibility of a deeper correction.
  • Technical analysis suggests a support zone between $97K and $100K may trigger a bullish reaction.
  • On-chain analysis highlights $98K-$100K as a crucial support region for Bitcoin's mid-term holders.

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