TechFlow news, on January 12, the Bitfinex Alpha report stated that after rebounding from a late-November low near $80,800, Bitcoin continues to test the key resistance zone between $93,500 and $95,000. Short-term price movements remain constrained by mixed ETF fund flows. Bitcoin is currently entering a dense supply zone formed by buyers from recent highs, whose cost basis ranges between $92,100 and $117,400. As prices return to this area, holders seeking to break even may increase selling pressure, creating significant upward resistance—potentially triggering "break-even selling." This could lead to continued range-bound market action. The derivatives market reflects cautious optimism, characterized by long-term bullish positioning alongside short-term downside hedging.
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