Bitcoin Price Alert: 273,000 BTC Held at Key Bitcoin Supply Range

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Bitcoin reached highs of $71,980 before encountering resistance

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On the other hand, if Bitcoin faces significant selling pressure within this range, it could lead to a price rejection and subsequent pullback. This scenario would indicate that many holders want to realize profits, resulting in temporary resistance.Another possibility is that Bitcoin consolidates below this range for a while. This would imply a balance between buyers and sellers ahead of a major price movement.

 

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