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November 25, 2024

Bitcoin’s Market Cycle: Long-Term Holders Steadfast as Prices Consolidate

Bitcoin has seen interesting dynamics among its holders recently. Long-term holders continue to hold their positions, demonstrating confidence in the asset. Meanwhile, short-term holders are capitalizing on profits. This behavior reflects a consolidation phase for Bitcoin’s price, raising questions about future movements in the market. Traders are keen to analyze how this cycle may unfold as investors balance holding and taking profits. Overall, Bitcoin’s market indicates a healthy blend of stability while offering opportunities for growth.

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