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Bitcoin might see pressure as 33,000 BTC moves to exchanges

Bitcoin’s current price fluctuates between 92,600 USD and 100,000 USD, influenced by anticipated rate cuts and inflation concerns. This recent decline places Bitcoin at about 95,600 USD, raising alarms of potential future corrections.

The Movement of over 33,000 BTC, worth around 3,200,000,000 USD to exchanges, suggests heightened selling activity. This trend could exacerbate supply without a corresponding rise in demand, negatively impacting Bitcoin’s price.

Even amid the downturn, analysts predict Bitcoin could regain momentum, with expectations to surpass 100,000 USD soon. Some experts go further, forecasting it could reach 110,000 USD by year-end and over 320,000 USD in 2025.

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