The current price of Bitcoin is around $66,302.97, with a 24-hour trading volume of $28.72 billion. Despite a slight dip of -0.64% in the past 24 hours, the overall market trend remains strong. Bitcoin's price performance is reflecting some consolidation, as it has been trading sideways for over 155 days. This period of calm suggests the potential for a significant breakout in the near future.

Short-term holders, however, have been facing pressure with unrealized losses, but market analysts believe that the current situation mirrors the volatility seen in 2019 rather than past bear markets. For traders, it's essential to keep an eye on critical support and resistance levels, with current projections showing possible movements around $65,800 to $70,000.

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