Bitcoin's price has been stagnant between $93,000 and $98,000, causing uncertainty among traders. The recent repayments by FTX to its creditors have added selling pressure, leading to concerns in the market. CryptoQuant CEO, Ki Young Ju, believes that Bitcoin could drop to $77,000 without ending its bull cycle. However, he reassured that Bitcoin's price will eventually increase, although it may go through significant ups and downs. Key support levels for Bitcoin include $89,000 for ETFs, $59,000 for Binance traders, and a mining breakeven point of $57,000. Despite the current consolidation, Ki Young Ju remains optimistic and suggests that if Bitcoin breaks above $100,000, it could potentially reach its previous high of $106,000.



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