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Trader Issues Bitcoin Alert, Says BTC ‘Doesn’t Look Great’ After Double-Digit Percentage Fall From All-Time High

A crypto strategist and trader known as Altcoin Sherpa warns that Bitcoin is lacking strength on the monthly chart after dropping 13% from its all-time high. The analyst suggests that Bitcoin could trade in a range between $99,000 and $92,000 before a new trend emerges. If Bitcoin fails to hold the $92,000 range as support, it may revisit the $80,000 range. However, the analyst also considers a scenario where Bitcoin retests the $86,000 range before reaching a new all-time high of $111,000. Currently, Bitcoin is trading at around $94,000, down from its peak of $108,000 in December.

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