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CoinRank News: Independent analyst Arjantit said that Bitcoins current consolidation cycle may last until the end of February, mainly for the following reasons: Bitcoin prices are consolidating after a 15-week rally (+105%); As long as BTC/USD remains above $90,000, the daily trend structure will remain strong; However, a break below $90,000 may be a buying opportunity; The consolidation cycle may end at the end of February, after which BTC will rebound to $120,000. (Cointelegraph)
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