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Bitcoin Price Analysis: Traders Open 200,000 New BTC Wallets amid Bybit Hack, $100K Rebound Ahead?

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Summary
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73% Informative

Bitcoin price plunged 3% on Sunday , before stabilizing above $95,500 level.

200,000 new BTC wallets were created within 48 hours of the Bybit hack.

Altcoin traders regained confidence, shifting capital from BTC into ETH ( ETH ) and Tron (TRX) Bitcoin price is showing signs of resilience following Bybit -related sell-off.

Bitcoin price forecast charts show BTC is testing key support after slipping to $ 95K.

If BTC slides below $ 93,725 , a cascade of liquidations may accelerate a drop toward $ 90,000 .

Bulls need to reclaim $ 96,763 to keep the rebound scenario intact.

Persistent bearish momentum could deepen the correction, with fading trading volume indicating a lack of strong demand.

VR Score

59

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50

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58

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formal

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English

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47

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short-lived

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