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The Bitcoin market is at a critical moment, with a market turning point approaching. Recently, Bitcoin experienced a false breakout, followed by a brief consolidation phase. Currently, the price remains within the breakout range, attracting widespread follow in the market.
It is worth noting that on the daily chart, Bitcoin has been consolidating at a high level for nearly 50 days, and this long-term accumulation of energy suggests that a significant change may be imminent. Analysts generally believe that if Bitcoin can break through the previous high of $110,500, it is very likely to initiate a new upward trend and even has the potential to create a new historical high.
Although recent news in international trade may have some impact on the market, investors should pay more attention to the technical and fundamental aspects of Bitcoin itself. The current prolonged sideways consolidation, while exhausting, also provides ample preparation time for market participants.
Once Bitcoin successfully breaks through the current range, the next important target will become the market focus. This not only relates to short-term trends but may also determine the development direction of the latter half of the entire bull market. Therefore, investors need to closely follow price trends and be prepared for various possibilities.
Overall, the Bitcoin market is in a critical period full of opportunities and challenges. Whether it's a breakout or a pullback, it could lead to intense market reactions. At this crucial moment, it is especially important to remain calm and rational, while also being ready to embrace any new opportunities that may arise.