Bitcoin (BTC) Market Analysis - January 9, 2025
The current price of Bitcoin is $92,627.75, with a 24-hour trading volume of $63.51 billion ¹. Here are some key indicators:
- Market Cap: $1.88 trillion
- 24-hour Low/High: $91,797.72 / $95,983.19
- All-time High: $108,364 (December 17, 2024) ² ³
Technical Analysis:
- Bitcoin's price has experienced a downturn over the last few days, failing to hold above $100K ⁴.
- The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate a potential bearish trend.
Outlook:
- Short-term: Bearish pressure below $92,000
- Long-term: Bullish trend intact above $90,000 ²
