Bitcoin's squeeze sets stage for major price swing

Bitcoin is experiencing a period of low volatility, leading to a tightening price range that analysts believe could result in a significant price movement soon. The cryptocurrency has been fluctuating between $25,000 and $30,000, with many traders anticipating a breakout in either direction. Market sentiment is mixed, as some investors are optimistic about a potential rally, while others remain cautious due to macroeconomic factors. Additionally, on-chain metrics suggest that a substantial number of Bitcoin holders are not selling, indicating strong support at current levels. Overall, the current market conditions are setting the stage for a potential major price swing in the near future.

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