๐จ $BTC /USDT Market Update โ December 23, 2024 NEXT $95,000
Bitcoin's price action remains under pressure, trading at $94,962.41 (-1.79%), as it struggles to regain momentum. Here's what you need to know:
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๐ Market Highlights:
24H High: $97,351.57
24H Low: $93,700.42
Volume Surge: 24.2K BTC traded in 24 hours!
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๐ Key Technical Levels:
Resistance: $97,450 โ Breaking above could reignite bullish momentum.
Support Zone: $93,700 โ A breach below this could trigger further selling pressure.
Psychological Level: $95,000 โ Bulls need to defend this zone to stabilize the market.
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๐ Trend Analysis:
Short-Term Outlook: The price remains below key resistance levels, signaling caution.
Long-Term Potential: BTC is still up +116.87% YoY, reflecting strong overall growth despite recent consolidation.
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๐ Strategic Insights:
1๏ธโฃ Dip Buyers: Look for entries near $93,700 with tight stop-loss levels.
2๏ธโฃ Short-Term Traders: Watch for a breakout above $96,500 for potential upward momentum.
3๏ธโฃ Risk Management: Set stop losses below $93,500 to minimize downside risk.
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๐ Market Sentiment:
Bitcoin is battling against resistance, with sellers attempting to dominate. The upcoming sessions could bring increased volatility, so stay alert!
Will BTC bounce back or break lower? Stay tuned for the next big move!
#BTCNextMove #Bitcoin #CryptoUpdate #TradingSignals #Write2Earn!