$BTC Bitcoin moves between key trend lines as $98,000 drives the 'kimchi premium'

Bitcoin is becoming a solid 'buy' for investors around the world as bulls hold the Christmas Eve gains.

The price of BTC aligns with the trend line attacks

Data from Cointelegraph Markets Pro and TradingView showed that BTC price volatility cooled as the holiday period began after daily gains of $4,000.

When analyzing lower time frames, popular trader Skew was discreetly optimistic that the situation would develop in favor of the bulls.

"So far, this bounce has occurred here with the price re-testing the systematic trend that took the price from $68,000 to $108,000," he started in part of a post on X.

Skew revealed when he called a 'clean' bullish divergence of the relative strength index (RSI) on the 4-hour chart, and described attempts to push BTC/USD lower as a 'failed auction'.

"The underlying momentum is quite good, we will keep an eye on this"