BTC/USDT

Support: $92,000 and $85,000

Resistance: $100,000

BTC made a daily close at $98,000 and continues to rally, following the bullish structure of a bull flag. In a significant development, SEC Chair Gary Gensler has submitted his resignation, and there is an upcoming vote on December 10th by the Microsoft board to potentially invest in Bitcoin.

The BTC rally has pushed prices to a new high of $99,400, edging closer to the historic $100,000 mark. A break beyond six figures would mark a monumental milestone, but be cautious of heightened sell pressure and profit-taking, which could lead to a retracement toward the support levels of $92,000 and $85,000.

BTC dominance has started to decline, and a break below 59% would create an ideal environment for altcoins to rally, signaling a potential shift in market dynamics.