Bitcoin continues to show strength, but it is struggling to push prices higher due to a choppy market. Bulls need to break out of the current range around $104K to trigger a major price increase. Repeated rejections near the $97-100K range and the recent Bybit hack have hindered Bitcoin's progress. If Bitcoin can't break higher soon, there is a possibility of it dipping to the $83K range. Despite some deviations, the current Bitcoin cycle closely resembles past bull runs. Bitcoin's dominance is weighing down altcoins, but the altcoin market capitalization looks promising for upward continuation. Currently, altcoins are in a "depression stage" and the market is on the verge of taking off. The information in the article is for informational purposes only and does not constitute financial advice. Readers are advised to exercise caution.



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