/ Bincrypto Bitcoin price expected to drop to $70,000! December 23, 202406:30 GMT+1
Bitcoin vs US Dollar 2025 Bitcoin saw a 15% correction during the third week of December, marking the biggest weekly price drop since August. Experts attribute the decline to the impact of global macroeconomic factors, warning that Bitcoin could see further declines if these pressures intensify.
If you buy a spot, don't worry about it even if it's correct. As for the future, all this fluctuation is due to the calculation code.
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MOHAMMED ALQADHI
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What if the number of people who woke up was 60 or less, like what happened in 2021 when the number of people who woke up was 79 or less, and it was 29 thousand?
Yelkodo owners of futures deals because the platforms profit from futures not from spot. Imagine someone opened $3000 in 50 or 100 and the bitcoin goes up to 115 or 118. Huge profits, so the owners of futures must fill it.
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said khalidi
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Negative news is coming in a noticeable way these days. Always be careful. Your hand is on the trigger. Any strong movement downwards will quickly break the support. Get out.
This is known to the platforms and market makers in general, that is, the owners of the platforms. This is a clear process for the futures code from this week until half a month ago. It will remain between 91 and 98 until the owners of the futures fill it because it is necessary.
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said khalidi
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Negative news is coming in a noticeable way these days. Always be careful. Your hand is on the trigger. Any strong movement downwards will quickly break the support. Get out.
The market is currently showing sideways oscillation between $96,398 (support) and $99,540 (resistance).
If the price breaks the $99,540 level with strong momentum and high volume, we may see a rise to higher levels like $100,500 - $102,000.
If the support level at $96,398 is broken, the price may drop to $94,500 or lower.
2. Closest Scenario:
Since the RSI is neutral and the trading volume is thin, the closest scenario is for the continuation of the volatility within the mentioned range ($96,398 - $99,540) in the short term.
#rsr The RSR/USDT chart shows that the current price is 0.011412, with an increase of 15.73% in the last 24 hours. Some observations from the chart and indicators:
1. Price action: The price has risen significantly from a low of 0.009716 to a level close to 0.012228, indicating a strong upward movement.
2. Relative Strength Index (RSI): With an RSI reading around 40, the pair appears to be in a neutral phase after the rise. It has not yet reached the overbought (70) or oversold (30) levels.
3. MACD: It shows that the bullish momentum has started to decline (green bars are starting to shrink), which may indicate a weakness in buying or a possible correction in the near future.
4. Support and resistance levels:
Major support is around 0.011.
Notable resistance at 0.012, which may be difficult to break without strong momentum.
Recommendations:
If you are a short-term investor, watch for a break of the resistance at 0.012. If the price fails to break it, a correction towards lower levels may occur.
If you are a long-term investor, you can watch the support at 0.011 as a potential buying opportunity if the price holds above it.
Trend analysis depends on investment objectives and risk tolerance.