BITCOIN (BTC/USD):
Bitcoin appears to have narrowly missed the highly anticipated $100,000.00 mark. As the market evaluates a potential price adjustment and rebalancing, we could see the price dip lower before resuming its upward trajectory.
A closer look at the technicals on the weekly timeframe reveals the potential for the price to revisit the previous resistance area, which is now acting as support. Additionally, the RSI indicator shows that the market is temporarily overbought, as it is trading above the 70% threshold.
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