Bitcoin must hit $104K to repeat past bull market dips: Research

Bitcoin is busy copying previous bull market consolidation phases, but seller exhaustion may only kick in if BTC price drops another $8,000 from current levels.

Key points:

Bitcoin is in the middle of a textbook correction phase after all-time highs, Glassnode finds.

For correction to flip to seller exhaustion, BTC price must drop to almost $104,000.

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