"The Bull Market Has Set Sail!!! Bitcoin Soars 4.2% Again to Challenge $95,000, Welcoming the New Year Surge"
Bitcoin has seen a slight rebound at the end of the year, sparking optimistic expectations in the market for the New Year’s trend. Although the overall performance in December was volatile, BTC briefly broke through the historic $100,000 mark and reached a peak of $108,353 in the middle of the month. However, due to the exhaustion of upward momentum, the price entered an adjustment range, consolidating between $90,000 and $108,000, and even fell below the critical support of $98,000 multiple times in the past two weeks.
Recently, after Bitcoin dropped below $92,000, it quickly rebounded and briefly touched $96,000 during the year-end period, but currently it still hovers around the support area of $95,000. Well-known analyst Ali Martinez pointed out that the TD Sequential indicator has shown a buy signal on the 12-hour chart; as long as BTC can maintain above $94,700, it is expected to challenge $97,500 in the short term. However, he also warned that if it falls below $92,500, it may trigger further declines, with potential targets even moving down to $70,000.
On the other hand, the current pullback is a normal phenomenon in historical cycles. BTC has experienced similar corrections during each halving cycle, and this round of adjustments is just slightly delayed, aligning with the trend of a potentially extended cycle.
As the market counts down to the New Year, can BTC hold its key support area and welcome the year with gains? Opportunities are fleeting, and the logic behind the trends is always worth exploring! Want to seize more opportunities? Follow Mr. Qiu for insights into market trends!
