Bitcoin trader calls $124K ‚pivotal‘ as BTC retraces from new all-time high

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Bitcoin revisited $123,200 after its latest record highs while market analysis raised concerns about surging open interest over the past week.

Key points:

Bitcoin takes stock of its latest gains after reaching fresh all-time highs above $126,000.

$124,000 emerges as the essential battleground for Bitcoin bulls.

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