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Bitcoin’s Price Faces Risk Of A Pullback Once This Key Support Level Fails

  • Bitcoin's price is currently above $95,000 but faces a potential decline if it fails to hold this key support level.
  • Analysts suggest that the $95,000 level could lead to further upward movement or a pullback, with $92,000 as a possible drop target.
  • Despite the high price, Bitcoin's network interest is dwindling, with low transaction volume and active addresses showing reduced on-chain engagement.
  • The uptrend in Bitcoin is influenced more by external factors like institutional interest and ETF capital inflows, while blockchain usage remains low and attention shifts to layer 2 solutions.

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