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Analysis: Bitcoin price stabilizes, but the possibility of reaching a new high before July is low.

DailyNews

2025-06-20 16:00:51

BTC0,71%

Odaily News Analysis points out that Bitcoin has rebounded by 10% since June 5, but the probability of breaking new highs before July is only 16%. On-chain data shows that open contracts continue to decrease, with clear signs of liquidation exhaustion, and the market is “cleaning up the chase the price long positions.” If it breaks the $108,000 resistance level, BTC is expected to enter the price discovery phase. Analysts believe that the Federal Reserve’s maintenance of interest rates and MVRV returning to the mean may be favourable signals. (Cointelegraph)

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Comment

0/400

ThinClothing

· 2025-06-20 17:40

fall to death you

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HighYieldUltra-Stable

· 2025-06-20 16:10

BTC is buying, buying, buying, watch me buy BTC, achieving financial freedom

View OriginalReply0