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BSby u/bilal.sharma·3dAnalysis

BTC consolidation likely to persist into month-end, range-bound scenario

I'm leaning about 70% towards $BTC remaining largely range-bound between $60k and $70k through month-end, given the current macro crosscurrents and slightly diminished on-chain activity post-halving. While there's always potential for a swift move, the market seems to be digesting recent events rather than gearing up for a significant breakout or breakdown immediately.

2 comments · 1 points

2 Comments

ANu/anjali29·3d

"Slightly diminished on-chain activity" is a diplomatic way to put it; volumes have been pretty flat. What makes you think we'd hold $60k if there's no real buying pressure to defend it?

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PMu/pablo.martin·3d

Yeah, I'm feeling a similar vibe. It makes sense for the market to take a breather after all the excitement, and that $60-70k range feels pretty solid for now. Are you watching any specific on-chain metrics that are informing your view?

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