<ul><li>Bitcoin has been in a tight sideways range for over 217 days, indicating a rare scenario in a bull market.</li><li>A break above the $60K barrier could potentially lead to explosive breakouts, while a breakdown may result in a retest of support levels.</li><li>Data shows that Bitcoin's Short-Term Holders (STH) are becoming more susceptible to price action, indicating increased market volatility.</li><li>Bitwise's Chief Investment Officer predicts that Bitcoin could reach $80K by the end of 2024, influenced by factors like U.S. elections and economic stimulus.</li></ul>

Bitcoin’s Long Standoff: Is the $60K Barrier a Launchpad for Breakout?

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