The price of Bitcoin remains uncertain and is in a temporary condition of high uncertainty, similar to Limbo. There are two hypotheses circulating - one suggesting a downward trend towards $85,000 or below $80,000, and another suggesting an accumulation phase before a rebound. The selling pressure is currently low, but there are no signs of it increasing in the short term. The medium-term sentiment is not negative, and the strong US dollar suggests large investors may have temporarily exited risk-on assets to accumulate dollars to buy back later. If the dollar weakens, it could result in a rebound in the price of Bitcoin. The buying pressure is also low but could increase significantly at lower prices, potentially leading to a rebound with just a 5% drop. The percentage of BTC owned by U.S. entities has reached its highest levels, indicating a strong shift in the center of gravity towards America. The inverse correlation between the BTC price and the Dollar Index is becoming increasingly important.
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