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January 9, 2025

Bitcoin Price Shrinks, Reversal Possible If It Stays Above $91K

Amidst a decline of more than four percent over the last month, Bitcoin prices have been under pressure due to soft market metrics. However, indications suggest that a price reversal could be imminent if Bitcoin manages to maintain trading above the critical level of 91,000 dollars. Market analysts are cautiously optimistic, noting that sustained trading at this level may signal a turnaround. As Bitcoin navigates these tumultuous waters, investors are keeping a watchful eye on critical support and resistance levels that could dictate the trajectory of its price movement in the near future.

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