Bitcoin bull run ‘might be delayed’ as $104.5K weekly close becomes key

Bitcoin needs to protect old all-time highs from December 2024 during the upcoming weekly candle close, analysis says amid warnings of a “deeper pullback.”

Key points:

Bitcoin is trading back below its recent all-time highs, grilling support at levels it first encountered in late 2024.

A “deeper pullback” may result before bulls find the momentum to return to price discovery.

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