The current situation of Bitcoin is that, although it has not dropped sharply, it has not completely stabilized and is still slowly sliding down. The good news is that people are not so panicked now, and there are fewer sellers. However, one must still be cautious; if Bitcoin suddenly experiences a sharp drop, those altcoins might be in trouble. Of course, this is just my personal opinion; when it comes to investing, you have to make your own decisions.
I estimate that Bitcoin might fluctuate between 94,000 and 98,000. It seems that people are not so scared now, and if Bitcoin truly drops below 90,000, it might be a good time to build a position. Generally, a sharp decline in a bull market lasts about 7 to 11 days, and it looks like the timing is about right.
Now let's talk about $BNB, which may fluctuate between 650 and 700. It is rebounding quite strongly, possibly related to Zhao's frequent activity on Twitter. A new Launchpool project has been announced, and if a loyalty airdrop reward is issued around Christmas, BNB might just rise!
As for the second, $ETH, it is also fluctuating between 3,200 and 3,500, similar to Bitcoin, still slowly sliding down. However, the likelihood of a major drop should be low now.
Back to today’s daily $BTC market analysis, looking at the K-line, the 1-hour level is about to decline, the 4-hour level is weak, the 12-hour level is down, and the daily level is declining, with an intraday resistance of 96,500 and a support of 91,000 dollars.
By January 20, 2025, when Trump takes office, Bitcoin could soar to 120,000 dollars. In December, three catalysts have emerged: MicroStrategy being included in the S&P 100 index, the Federal Reserve cutting interest rates by 25 basis points, and the Financial Accounting Standards Board's accounting rules for fair value reporting of crypto assets. Their overall impact is now becoming evident.
