A crypto analyst warns that Bitcoin must maintain its price above $108,000 to avoid entering a bearish trend. The trader, Daan Crypto Trades, noted that a decline below this level could trigger a significant price drop, potentially falling below $100,000. As of now, Bitcoin trading is around $109,250, just below its recent highs. Analysts also highlight that if Bitcoin reaches around $110,000, it would signify positive momentum. If Bitcoin were to drop to $99,445, approximately $2.7 billion in long positions would be at risk of liquidation. Conversely, some analysts express optimism for an uptrend, citing increased institutional interest and potential growth in Bitcoin-related ETFs. The market currently reflects different consolidation dynamics compared to previous cycles, although the prevailing pattern of price fluctuations continues. This article aims to inform readers of the current critical price thresholds for Bitcoin, offering insights from multiple viewpoints within the crypto analyst community.

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