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Bitcoin drops below STH RP of $92K – Will holders panic sell?

n70products by n70products
March 2, 2025
in Bitcoin
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Bitcoin drops below STH RP of $92K – Will holders panic sell?
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What’s subsequent for Bitcoin’s short-term holders?

Bitcoin’s subsequent transfer hinges on its capacity to reclaim key resistance ranges. A bullish case emerges if BTC breaks previous $92k and holds above it. This is able to doubtless restore confidence amongst short-term holders, shifting sentiment from uncertainty to renewed accumulation. The RSI’s press time positioning close to 55 pointed to room for additional upside if shopping for strain persists.

Conversely, a bearish state of affairs unfolds if BTC faces rejection close to $92k. Failure to reclaim this degree might verify a short-term downtrend, reinforcing profit-taking and including promoting strain.

The OBV’s latest uptick must maintain itself. In any other case, a downturn might see BTC retesting decrease help ranges, doubtlessly revisiting $82k-$84k within the coming periods.



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Tags: 92KBitcoinDropsHolderspanicSellSTH
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