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Bitcoin (BTC) Eyes Potential 11% Drop as Bearish Signals Strengthen

Bitcoin (BTC) reached an all-time high on December 17 but is still 5% below the $110,000 mark. Indicators such as ADX and NUPL are pointing to a slowdown in bullish momentum, suggesting a potential shift in market sentiment.

BTC price could test the support level at $94,000, and if it fails to hold, prices could drop further to $90,000, marking a potential retracement of 11.7% from current levels.

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