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Bitcoin's price has resumed a strong rebound amid a risk-on market sentiment, with investors capitalizing on dips to accumulate positions. The recent upward movement suggests temporary relief for bulls, but analysts warn of potential volatility as the market remains vulnerable to profit-taking and regulatory uncertainties. The BTC/USD pair is under close scrutiny for key support/resistance levels, which could determine the next directional move. This development is significant for forex traders and cryptocurrency investors tracking cross-asset correlations.
