Bitcoin is currently holding steady within the demand zone and exhibiting an upward trend. It has successfully reclaimed the EMAs and appears poised for further upward movement. On the hourly timeframe, BTC is forming a bullish bull flag pattern. A successful breakout from this pattern could propel BTC to higher levels in the coming days or weeks. However, it is crucial for BTC to maintain its position within the demand zone; a breakdown below this level could result in a potential drop to 55k. We will continue to monitor the situation and provide updates accordingly.
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