Bitcoin's Price Movement Analyzed Amid Market Fluctuations

According to BlockBeats, on-chain data analyst Murphy has noted that Bitcoin (BTC) has returned to $120,000. While it is premature to declare this a stable position, it is evident that BTC has re-entered a price range supported by $117,000. This shift has turned the $112,000 to $116,000 range into a 'safe zone,' aligning closely with the predicted price trajectory based on the 'dual anchor structure. 'Analyzing the 'MVRV extreme deviation pricing range,' BTC is currently operating within a channel defined by orange-yellow lines source: https://www.binance.com/en/square/post/28158371215810?utm_source=BinanceNewsRSS