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Bitcoin Short-Term Holders Lock In Gains: Data Suggests The Bull Trend Remains Intact

  • Bitcoin is consolidating just below the $110,000 mark, showing strength and potential for a breakout amid a key resistance zone.
  • On-chain data indicates that short-term holders are locking in gains, but the profit-taking levels are not at extreme highs, suggesting a healthy market.
  • Global tensions are rising, but Bitcoin and other major cryptocurrencies are holding strong as traditional markets show signs of stress.
  • BTC is currently trading at $108,495, consolidating below the $109,300 resistance level, supported by key moving averages and a strong uptrend.

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