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21Shares Analyst: BTC May Fluctuate Between $68,000 and $74,000 in the Short Term

GateNews
bitcoin newsMarket AnalysisPrice Prediction
Source: techflowpost
BTC-0,46%

Gate News Report, March 12 — 21Shares crypto research strategist Matt Mena stated that March CPI data increases have been absorbed by the market. BTC may fluctuate in the short term between $68,000 and $74,000, but the likelihood of breaking through the $75,000 resistance level is rising. Once broken, BTC could enter a medium-term consolidation range between $75,000 and $80,000. Historical data shows that BTC typically rebounds 15% or more after geopolitical shocks. If the FOMC resumes rate cuts in 2026, the recovery process may accelerate.

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