Long-term Bitcoin holders have started taking profits as the price attempted to reach $100,000, causing Bitcoin's price to retreat to $93,000. This profit-taking is the highest since August 30 and could lead to further price declines below $93,000. Additionally, active addresses on the Bitcoin network have significantly decreased, indicating reduced user engagement and potential weakened market sentiment. On the daily chart, Bitcoin's price is currently facing resistance and could drop to $84,640, but if long-term holders reduce profit-taking, the price may rise to $99,811.



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