As I mentioned, Bitcoin does not have enough volume to break the 0.618 line by the end of the holidays. Therefore, we have to wait and see if Bitcoin can stabilize above 100k in the new year.
📈LONG: $BTC (1D)
#BTCUSDT | #BTC | #Bitcoin
Current Price $95624.00
Market Cap $1893.90B
Change 1h -0.47% | 24h -2.54%
Daily Indicators:
• RSI: 46 - Neutral 🟠
• MACD: 637 - Bullish 🟢
• EMA: 96982 - Trading Below 🔴
Analysis: Bitcoin is under low volume pressure, making a break above the 0.618 Fibonacci line challenging as we wrap up the holidays. With potential consolidation, keep an eye on whether BTC stabilizes above 100k as we enter the new year.
Price Targets: Look for support around 92,000 if selling pressure increases. A bullish move could aim for 109,466 once volume ramps up. This might be a strategic entry point for buyers soon!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!