#BTCOutlook
On December 20, Bitcoin dropped to $92,000 after a Fed rate cut but recovered to $98,200. Key resistance levels are $97,500 and $99,800, with support at $97,000, essential for sustaining an uptrend.
Bitcoin is down but recovering. Binance's open interest has risen, and its leverage ratio is the lowest among competitors. Coinbase Premium remains negative, indicating caution among traders.
Nexo and 7RCC Global have revised their S-1 for a fund, the Nexo 7RCC Spot Bitcoin ETF, allocating 80% to Bitcoin and emphasizing ESG in Bitcoin investing.
$BTC #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve