[1/10, 12:26 PM] Meta AI: Bitcoin's current price is around $93,555, with a market capitalization of $1.85 trillion ¹. The cryptocurrency has experienced significant growth, surging over 140% in 2024 and reaching the $100K milestone in early December ².
*Key Trends and Insights:*
- _Bullish Expectations_: As long as the $90K support level holds, bullish expectations remain in place ¹.
- _Head and Shoulders Pattern_: A potential head and shoulders pattern is forming, which could indicate a downturn if the neckline at $68,285 is broken ¹.
- _Cycle Top_: Some analysts predict that the current bull cycle could top out as high as $200K ¹.
- _Pro-Crypto Policy_: Expectations of US pro-crypto policy in 2025 are driving optimism in the market ².
*Technical Analysis:*
- _Resistance Levels_: Key resistance levels are at $99,980 and $102,000 ¹.
- _Support Levels_: Critical support levels are at $91,800 and $90,000 ¹ ².
Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
[1/10, 12:26 PM] Meta AI: Bitcoin's current price is around $93,555, with a market capitalization of $1.85 trillion ¹. The cryptocurrency has experienced significant growth, surging over 140% in 2024 and reaching the $100K milestone in early December ².
*Key Trends and Insights:*
- _Bullish Expectations_: As long as the $90K support level holds, bullish expectations remain in place ¹.
- _Head and Shoulders Pattern_: A potential head and shoulders pattern is forming, which could indicate a downturn if the neckline at $68,285 is broken ¹.
- _Cycle Top_: Some analysts predict that the current bull cycle could top out as high as $200K ¹.
- _Pro-Crypto Policy_: Expectations of US pro-crypto policy in 2025 are driving optimism in the market ².
*Technical Analysis:*
- _Resistance Levels_: Key resistance levels are at $99,980 and $102,000 ¹.
- _Support Levels_: Critical support levels are at $91,800 and $90,000 ¹ ².