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Bitcoin (BTCUSD) Eyes Rally After On-Chain Pre-Euphoria Signal Despite Short-Term Wedge

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The Story

News Summary

  • On-chain MVRV signals a 'Pre-Euphoria' phase suggesting Bitcoin's longer-term rally potential, but a recent flash crash and bearish daily patterns raise near-term downside risk between $114k and $117k.
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BTCUSD price history

75768.94 +15.26% over the displayed period

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