Bitcoin has returned to $119,000 as the market remains unfazed by concerns over a potential $450 million sell-off from Galaxy Digital. Following a significant transaction last week involving 80,000 BTC, nerves appear settled despite Galaxy Digital's recent movement of 3,782 BTC to exchanges. Even a modest dip to $117,000 did not lead to a sustained downtrend, as traders target key resistance levels. Analysts express mixed opinions about future price movements; some anticipate another flash sale while others warn of bearish signals with a potential downturn to $108,000. As volatility escalates ahead of the monthly close, the price dynamics will depend on testing support levels like the 21-day simple moving average. The prevailing sentiment indicates a cautious market as traders evaluate the risk of upcoming price fluctuations.

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