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147 days

Bitcoin’s relief rally may be ‘fleeting.’ Here’s how long it may last. - MarketWatch

1. Bitcoin's price has gained 7% recently, but is still down year-to-date. 2. Resistance levels at $90,700 and $93,700 could impact BTCUSD's next moves. 3. Short-term momentum is improving, but concerns about a fleeting rally persist. 4. Trump's potential tariff changes may positively influence market sentiment. 5. Overall, Bitcoin's cyclical uptrend faces risks of overbought conditions.

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FAQ

Why Bullish?

Recent gains suggest positive sentiment, but downward pressures remain prevalent historically.

How important is it?

The article discusses market conditions and regulations that could influence BTCUSD directly.

Why Short Term?

Technical improvements indicate potential for a temporary rally, similar to past market responses.

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