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BTC Mid-Term Trend Weakens Amid Short-Term Volatility

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BTC
$87,553.70-0.07%
BTC’s bullish trend shows signs of weakening despite short-term volatility, according to an analysis by invited market analyst Conaldo on Odaily. Bitcoin is now in a consolidation phase following a breakdown from a long-term bullish trendline. The price faces pressure from both bearish trendlines and recent declines. All upward moves remain bear-market rebounds until a clear breakout forms. The analyst confirmed last week’s consolidation forecast, with price action matching predicted levels. Four trades yielded a 2.14% return, and technical indicators point to new strategies for the coming week.
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