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Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?

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Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support? - NewsBTC

Quick Summary:

Related Reading: Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals Short-Term Holder Realized Price: A Key Market Indicator CryptoQuant analyst Yonsei Dent has identified a critical resistance zone between $86K and $90K, where many STHs remain in a loss position.

What This Means for Bitcoin’s Price Action As Bitcoin trades in the $86,000 to $90,000 range, short-term holders selling at break-even could lead to increased market volatility.

Yonsei Dent notes that if buying demand is strong enough to absorb selling pressure, Bitcoin may break out of this range and establish a more bullish trend.

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Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support? - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 12:30:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 85 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26991210

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://chronographically.beamstart.com/news/bitcoins-price-at-a-crossroadswill-17419562357093

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