Bitcoin (BTC) is holding at approximately 119,462 USD, just 2.12% below its all-time high. The current consolidation suggests that patience is essential as market conditions may lead to significant shifts.
The Fear and Greed Index reflects a fragile sentiment around 67, highlighting potential volatility. Strong buy-side activity and continuous accumulation suggest resilience against sell pressure.
Critical price levels to observe this week include 116,000 USD for liquidity and 118,125 USD to monitor for potential support or deviations in the market.
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