Bitcoin (BTC) is experiencing difficulties breaking out, leading to analysts, like Peter Brandt, predicting a possible retracement back to the 60,000 USD range. Present market conditions show BTC trading at approximately 96,158.09 USD with a capitalization surpassing 1.9 trillion USD.
The fear and greed index indicates a neutral market for BTC, suggesting potential for either upward or downward Movement. While bearish trends are seen, signs of recovery appear on the hourly charts, indicating possible accumulation and a potential market rebound.
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