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After a issuance pause in January this year, Bitcoin dropped nearly 40% within three weeks.
Additionally, recent market selling pressure mainly comes from long-term holders and large "whale" accounts.
Although it is still in a bear flag pattern, if Bitcoin's price breaks above the upper trendline ( around the mid-$70k region ), this bearish pattern will be invalidated.
Once broken, market focus will shift to the bullish target zone, expected between $108,000 and $110,000.