🚀 Crypto Market Update: Bitcoin & Ethereum Insights
- Bitcoin wrapped up a stellar 2024 with a 120% year-over-year gain but hit an overbought "sell" signal, hinting at a range-bound phase for the next 2-6 weeks. Watch for resistance at $108K and support around $84.5K, with potential deeper pullbacks to $73.8K.
- Ethereum faces resistance near $4000, signaling a possible corrective phase. Initial support is at $3226, with a Q1 correction likely testing the 200-day moving average.
- Bitcoin outperformed Ethereum by 74% in 2024, but expect volatility ahead. Long-term prospects remain bullish for both.
💬 Share your thoughts on the crypto market trends in the comments!