#BTCNextMove Technical analysis indicates that Bitcoin is currently trending bullish on the daily timeframe, with the 50-day moving average sloping upward and positioned below the current price, potentially acting as support. The 200-day moving average is also below the price, which could serve as additional support in the event of a price interaction.

However, some investors are betting on a potential decline in Bitcoin's price after it narrowly missed hitting an all-time high of $100,000, peaking at $99,830 on November 22 before dropping over 8% to a one-week low of $91,377. The options market shows increased demand for protective puts ahead of the December 27 options expiry, with significant potential movements anticipated.

In summary, while Bitcoin has demonstrated significant growth and bullish momentum, with optimistic projections from various analysts, the market remains volatile. Investors should exercise caution and consider potential risks when making investment decisions.