Bitcoin has recently dropped by 15%, hitting a pivotal support around 90,000 USD. A failure to maintain this level could mean a decline towards 75,000 USD. Conversely, a rebound here will be crucial for approaching the 108,000 USD resistance.
The Long-Term Holder SOPR metric indicates a shift in investor behavior; it remained below 1 during a selling phase but now exceeds 1, suggesting that long-term holders are realizing profits and stabilizing the market.
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