Bitcoin is currently priced at approximately 115,000 USD, but signs suggest potential instability as long-term holders exit. Today’s active addresses are at an 11-month low, although transaction volumes remain elevated.
The rise in low-quality, speculative transactions complicates the outlook for BTC’s future performance, suggesting that the bullish trend may be losing grounded support.
Strong resistance has formed around the 117,000 USD range. A break above 118,600 USD may reinvigorate buyer interest, whereas slipping below 113,700 USD could lead to further price declines.
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