As of December 20, 2024, Bitcoin (BTC) is trading at approximately $96,838, reflecting a decline of about 4.37% from the previous close.
This downturn is part of a broader market correction, with Bitcoin experiencing a 6% decline over the past week.
The cryptocurrency market has faced significant volatility, with over $1.2 billion in liquidations affecting major cryptocurrencies like Bitcoin, Dogecoin, XRP, and Solana.
Analysts suggest that Bitcoin's price may continue to experience fluctuations in the near term, with potential support levels around $95,000 and resistance near $100,000.
Investors are advised to monitor market trends closely and exercise caution due to the inherent volatility of the cryptocurrency market.
For a more in-depth analysis of Bitcoin's current market situation, you might find the following video insightful:
