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Bitcoin (BTC) was trading below $69,000 on Tuesday, confirming the view that price consolidation is the most likely course over the short term. The sell-off to $60,000 and the subsequent recovery to $72,000 resulted in many BTC price indicators falling into what analysts say is a deep value zone, but will buyers reach the same conclusion?
Key takeaways:
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Bitcoin’s realized price bands have aligned with a long-term accumulation zone that preceded new BTC highs.
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Power law quantile models place BTC near the…
