I found it interesting that Bitcoin is currently trading around $78,000 with a slight increase over the past day, but the movement resembles the situation at the end of 2024, when Bitcoin's price for a long time was creeping upward in a narrow range before a sharp drop. Do you remember how from November to January it looked like a lull before the storm? The price initially rose slowly, then suddenly plummeted from about $90,000 to $60,000. Now we see a similar pattern. Analysts say that such a pattern with sluggish upward movement usually signals that buyers are running out of steam. If Bitcoin falls below $65,800, it could mean that the bulls are losing control and the bears are regaining dominance. But if there is a breakout above the current channel, it will be a sign of recovery. Traders are now closely watching this reversal point because it will determine where Bitcoin's price will go in the coming weeks.

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