Bitcoin has seen a rough week, dropping about 8%, yet bulls are buying the dip, sparking debate among analysts about its next move. Despite a rebound on December 20, U.S. Bitcoin ETFs saw significant outflows, hinting at profit-taking by traders. The battle between bulls and bears is heating up around the $100,000 mark. A sustained rise above this level could boost crypto sentiment and lift select altcoins. However, failure to maintain this level might lead to a deeper correction, impacting altcoins negatively. Keep an eye on Bitcoin's price action for clues on the market's direction.
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+2.15%
329
0
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