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What’s Next for Bitcoin Price? Analytics Firm Presents Two Bullish, One Bearish Scenarios

What’s Next for Bitcoin Price? Analytics Firm Presents Two Bullish, One Bearish Scenarios
Cryptocurrency analytics firm Alphractal has released a report analyzing the Bitcoin market following its recent price drop. The report discusses different scenarios for the cryptocurrency's future, including a potential recovery to the Short-Term Holder Realized Price, a psychological sentiment level called the Hope/Denial Band, and a bearish scenario with a drop to $60,000-$66,000. Alphractal suggests that market makers may be adjusting strategies to establish new price levels for re-entry. However, it should be noted that this information should not be considered as investment advice.

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