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Price Drop: Bitcoin has declined about 2–2.4%, trading near $115,400–$115,500. It’s now testing the $115K support level.
Consolidation Phase: After hitting a recent peak around $124K, BTC has consolidated and is now experiencing selling pressure.
Technical Outlook: Analysts warn that Bitcoin, having sustained a six-week uptrend, may be due for a correction. Breaking below a rising wedge pattern raises the possibility of further downside, potentially toward the $88K–$94K range.
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