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Bitcoin closes in on $113K, but is a short-term cooldown coming up next?

2min Read

A healthy correction or a strong breakout? Only time will tell.

Bitcoin closes in on $113K, but is a short-term cooldown coming up next?
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  • Bitcoin faces resistance near $113k-$114k, with stablecoin ratio signaling short-term risk
  • Long-term metrics have been bullish, suggesting potential for sustained upside

Bitcoin’s [BTC] upward momentum is hitting its first real test soon. With the stablecoin ratio channel flashing signs of caution and the resistance forming near the $113k-$114k zone, short-term sell pressure may be cooking.

Temporary rotations into stablecoins could follow. However, beneath it all, the broader bull cycle may still be intact.

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Samyukhtha L KM is a journalist with a keen eye on the ever-changing digital asset landscape - and a soft spot for memecoins. With a Bachelors in Commerce and a Masters in Journalism and Mass Communication, she’s always curious about whether the next big thing in blockchain is hype or history in the making. When she’s not tracking the latest market moves, she’s reflecting on what blockchain adoption really means in a world still largely rooted in traditional finance.
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