Key facts: Bitcoin Surpasses $103,000; Potential Correction Ahead
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- Bitcoin is trading above $103,000, showing a bullish trend despite a dip below $102,500, backed by strong accumulation from long-term holders and lower exchange reserves.1
- Adez Research indicates Bitcoin may have peaked, suggesting a potential price correction due to key factors like ETF approvals and tighter liquidity.2
- Institutional investors see Bitcoin (BTCUSD) as a key asset for portfolio diversification and a hedge against inflation, aided by ETFs that enhance access to Bitcoin investments.3