TechFlow reported on September 20 that trader Eugene Ng Ah Sio shared his views on social media, stating that Bitcoin's price movement in the coming days will be crucial for its medium- to long-term direction. Eugene noted that although Michael Saylor remains a major buyer of Bitcoin in the $59,000 to $63,000 range, a sustained price above $63,000 would signal a renewed upward market trend. Conversely, if Bitcoin falls below $63,000, the market may revert to a sideways consolidation phase. He personally believes there is a 60% chance that the market has already entered a new phase, but this will be the first real test.
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