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Bitcoin and ‘BANANA Zones’ to give way to altcoin season, ‘crypto singularity?’

Bitcoin has recently rebounded above 94,000 USD after dipping below 92,500 USD, raising investor questions amid market volatility. Analyst Raoul Pal’s idea of the ‘BANANA Zone’ suggests a consolidation phase is underway, indicating a potential transition to more favorable altcoin conditions.

With Donald Trump’s inauguration approaching on January 20, 2025, Bitcoin’s price could see substantial fluctuations. Analysts note that if BTC maintains levels above 88,000 USD, a potential rebound may occur. Conversely, dropping below this mark could trigger a sell-off among short-term holders.

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