Bitcoin has traded in a wide range

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As we continue our cryptocurrency analysis and reviews, we also touch on different perspectives that will help you develop your investment strategies. For more cryptocurrency reviews and analysis, you can visit our crypto review page. of prices over the past 24 hours: the lowest was $86,358 and the highest was $88,993. It is currently trading sideways at $87,538. These fluctuating movements are driven by both short-term profit seeking by individual traders and long-term Bitcoin positions by institutional investors. Especially large open positions (OI) indicate high leverage in the market, which is a significant factor that increases the current volatility. The $90,000 phone number library level is currently a critical resistance. It is stated that if it breaks this level, the price could reach $91,000.

On the macroeconomic front, the Fed's policy decisions are being monitored. Former BitMEX CEO Arthur Hayes predicts that Bitcoin could reach $110,000, and this expectation positively affects market sentiment. On the other hand, social media analytics confirm that investors are exhibiting greedy behavior and price expectations are rising. The short-term target may be to break $90,000, but a resistance movement at this level may bring lower positions to the agenda. The increase in large investor addresses can be interpreted as a sign of confidence and may have a positive effect in the long term. However, leverage risks and the effects of volatility should be considered.