Bitcoin's price is currently stagnant around the 100-day moving average, indicating a pivotal moment for the cryptocurrency. If it breaks below this key support, a deeper correction towards $90K may occur, but defending the support could lead to an upward move towards $100K. The RSI is neutral, signaling a balance between bulls and bears. In the short term, Bitcoin's price remains within a bullish flag pattern, with support at the lower boundary. A breakout above the upper trendline could continue the uptrend, but a failure to hold this level may result in selling pressure towards $90K. Long-term investors have been selling their holdings to secure profits, contributing to the consolidation phase. If selling pressure eases, Bitcoin could gain momentum for a new leg higher and potentially reach new all-time highs.



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