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May 16, 2025

Bitcoin Holds Above $100,000: Analysts Predict Price Support

Bitcoin maintains its position above $100,000, with analysts from Glassnode highlighting potential support between $93,000 and $95,000. This support stems from notable accumulation within that price range. The recent institutional flows are critical in shaping Bitcoin’s current trajectory. Understanding these support levels can inform trading strategies. The market remains bullish as long as such support holds.

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