<ul><li>Short-term Bitcoin holders have decreased from 55% to 40%, signaling potential heightened reactions to upcoming price movements.</li><li>Bitcoin's critical resistance at $62,500 aligns with the CME gap, with a break above $63K possibly triggering a short-term bull trend.</li><li>The upcoming U.S. elections could impact BTC's price, with traders closely watching political developments for further market influence.</li><li>Bitcoin has been trading in a sideways trend over the past week, but some indicators that could herald a significant change are starting to appear.</li></ul>

Bitcoin Set For Breakout As Key $63K Level And U.S. Election Drive Momentum

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