Bitcoin is still trading in a very tight sideways range with no volatility coming at the weekly close/ open. The price is currently chopping around $93.8k (Weekly Open) which gives very little indication of the next move.
This is not surprising considering it is still holiday season, but from here our key levels to watch are a $96k test (current hr EMA200) or a retest of $92.5k (Prev Week Low.) $BTC
Very little change for Bitcoin with a pretty low volume weekend so far. The price is continuing to move in a tight sideways range with the demand zone of $94.9k - $93.8k still being respected.
BTC is trying to flip $95k (Weekly Open) resistance back into support which is the first step towards a reclaim of the 4hr EMA200 (yellow line.) No rush here until either the support or resistance is broken.
Bitcoin has now lost the $95k (Weekly Open) level on the 4hr chart. The demand zone highlighted a couple of days ago ($94.9k - $93.8k) is still being respected as support but BTC is just chopping around in that zone.
If we see a reclaim of $95k, then we can assume another push back towards $96.5k (Monday High and 4hr EMA200.) If we lose the demand zone then I expect we would see a sweep of the $92.5k Monday Low.
Bitcoin has reacted this morning exactly from the zone given yesterday. We were expecting the likely retest of this 4 hour demand zone at $94.9k which has given almost a 3% move so far. Once again this has pushed the price back to the key level of $96.4k (Monday High and 4hr EMA200.)
This announcement was made via their X official account, which has a following of 5.4 million users.
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🎆🎉💰🎁 Blum Team Announces Upcoming Airdrop Season 2 🎁🎉🎆💰
December 26, 2024 by Decentralized Dog The Blum team has officially announced plans to launch Season 2 of its airdrop, advising its community to stay alert for updates.
This announcement was made via their X account, which has a following of 5.4 million users.
A screenshot shared by the team showcased a TON-funded wallet, hinting at a partnership between Blum and the TON ecosystem.
While the exact date for the airdrop has yet to be confirmed, industry speculation suggests it could happen next month, as the year approaches its conclusion.
Bitcoin is still facing 4 hour resistance at $99.6k (Prev Month High,) with another test and rejection from this level yesterday. This has seen a 5% sell off overnight, with $95.1k (Weekly Open) providing a small reaction so far.
BTC is struggling to hold onto the 4hr EMA200 at $96.5k, and if we see acceptance below this then we may finally see a retest closer to $92k again.$BTC