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Bitcoin’s Head & Shoulders Pattern: Can BTC Hold $106,800 or Drop to $103,000?

  • Bitcoin is currently consolidating within a narrow range, indicating a potential big price move soon.
  • A Head & Shoulders pattern at $106,800 suggests a possible bearish move with support levels at $103,557 and $102,261.
  • Traders are cautious as a breakdown below the support level could lead to further price decline.
  • Bitcoin's near-term trend will be determined by how it behaves around the current key level, with potential for significant price movements.

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