Bitcoin Could Climb Higher But On-Chain Data Flags Risks

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Historical patterns and trends paint a positive picture, but other on-chain data suggest BTC may not see significant bullish momentum in the near term.

The past week has been positive for bitcoin (BTC), with the asset breaking through its August 25 local top of $65,200 after multiple previous rejections. While BTC is currently trading below the $65,000 range and could record more gains, analysts say there are warning signs.


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