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Bitcoin is currently under pressure. After the recent rally, many indicators point to a possible consolidation phase. Sideways movements and slight declines are completely normal in such market phases.
But what could trigger a stronger sell-off? Macro-economic factors, liquidations with high leverage, and profit-taking are classic triggers. From a technical perspective, there are several resistance levels that need to be broken to see new highs.
Volatility remains high. Those who are in it for the long term should view such phases as buying opportunities. Traders, on the other hand, need to pay special attention to risk management now.