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Bitcoin Price Analysis: Is BTC in the Calm Before the Storm?

Bitcoin Price Analysis: Is BTC in the Calm Before the Storm?
The article discusses the current state of Bitcoin's price action, highlighting the lack of clear direction and increased uncertainty. It mentions that the market is in a state of equilibrium between buyers and sellers, with insufficient trading activity. The article also mentions key support levels and suggests that Bitcoin may find solid footing around the $90K threshold, potentially leading to a surge towards $108K. Additionally, it analyzes the open interest metric in the futures market, which indicates a trend of increased activity despite the price fluctuations. However, the direction of the market remains uncertain and further data is needed for accurate predictions.

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