Bitcoin has been stuck between $60,000 and $70,000 since March. Short-term holder behavior may sway markets, historically leading to drawdowns after profit peaks. Analysts warn of potential panic sell-off below $60,000, but a rise above $65,000 could signal bullish sentiment.

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Bitcoin remains within $60,000-$70,000 since March. Short-term holders' actions could affect markets, historically resulting in declines post-profit peaks. Analysts caution potential panic selling below $60,000, while a rise above $65,000 could indicate bullish sentiment.