Cryptocurrency analytics firm Alphractal has released a report analyzing the Bitcoin market following its recent price drop. The report discusses different scenarios for the cryptocurrency's future, including a potential recovery to the Short-Term Holder Realized Price, a psychological sentiment level called the Hope/Denial Band, and a bearish scenario with a drop to $60,000-$66,000. Alphractal suggests that market makers may be adjusting strategies to establish new price levels for re-entry. However, it should be noted that this information should not be considered as investment advice.



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