Bitcoin must surpass the resistance level of 103,638 USD to gain upward momentum again. The Average Directional Index (ADX) at 29.2 indicates bear dominance, suggesting a potential long-term decline.
With a Net Unrealized Profit/Loss (NUPL) of 0.60, profit-taking behavior among BTC investors is evident. Short-term EMAs crossing below long-term EMAs may indicate further downside, with predictions of a drop to 94,000 USD or lower.
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