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Bitcoin is currently hovering near the $74,000 mark and showing early signs of recovery after recent selling pressure. The initial panic seems to be gradually subsiding, but volatility remains noticeable.
The price stubbornly stays in the lower range, indicating that buyers have not fully returned yet. Some analysts observe that the selling wave is losing momentum, but it may still take some time before a genuine recovery occurs.
Interestingly, larger market movements remain more subdued than in recent weeks. This could mean that the market is slowly stabilizing, even though Bitcoin is still trading near critical support levels. For short-term traders, the situation remains tense, but at least the fear does not seem to be escalating anymore.