Bitcoin rebounded during the Christmas season, breaking through $98,000, a daily gain of $4,000. This rise has rekindled market confidence, and the BTC 4-hour chart shows a bullish RSI divergence, indicating strong underlying momentum. Bitcoin is currently between two key moving averages, at $99,600 and $94,650, and the direction of the breakout is worth paying attention to. In addition, despite continued outflows from US spot Bitcoin ETFs, demand in the Korean market has rebounded and short-term holders have increased exposure, bringing more positive signals to the market outlook.
It is expected that the market will fall to around 95,800-967,000, and then rebound to more than $100,000.
