The article discusses the current state of Bitcoin (BTC) and its potential future movement. After losing 50% of its recent rally, BTC is at a critical level, with the 100-day exponential moving average (EMA) acting as support. Traders are wondering if the same pattern will repeat as it did in August 2024. Institutions and long-term holders are quietly buying more BTC in preparation for the next major move. While fear still grips the financial markets, BTC has a history of bouncing back after a 15% drop. The Federal Reserve's expected interest rate cuts could fuel another rally, but fewer cuts than anticipated could send BTC lower. Bulls must defend the $75,000 level to avoid deeper losses, and institutional funds are also invested in BTC's success. Dollar-cost averaging remains a popular strategy, as BTC is trading near the 50% Fibonacci retracement level, which attracts buyers. The fate of BTC for the coming weeks will depend on the battle between bulls and bears.



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