Trader Eugene Ng Ah Sio believes that the next few days will be critical in determining the medium- and long-term price direction of Bitcoin (BTC). Maintaining a price above $63,000 could indicate a renewed uptrend, while falling below that level could lead to more volatility. Ng also highlighted that Bitcoin investor Michael Saylor bought in the $59,000 to $63,000 range, suggesting that if the price holds above $63,000, market momentum may shift positively. However, inability to maintain this level could mean that Bitcoin's unpredictable price movements will continue. Overall, market analysts consider the upcoming price action as highly decisive for Bitcoin's future direction.



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