Bitcoin Short Positions at Risk Above $68,500 as Market Eyes New Highs

Bitcoin’s recent price swings have caught the attention of traders and analysts alike. After reaching a high of $69,500 and dipping to $65,000, Bitcoin has entered a consolidation phase just below the crucial $70,000 level. This period of consolidation is a pivotal time for the market, as investors weigh the potential for a continued rally versus the risk of a pullback.

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