Bitcoin’s price has reached 108,000 USD, initiating a normal and healthy support test, with the 50-day moving average indicating a potential buying opportunity for investors.
While whales are increasing their BTC exposure, smaller retail investors are taking profits, exhibiting mixed market behavior. A pullback to approximately 105,700 USD could present another buying opportunity.
Current dynamics suggest normal price behavior, with significant long liquidations likely following a recent surge. Market participants are observing these fluctuations closely.
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