#BTCOutlook
As of December 22, 2024, Bitcoin (BTC) is trading at approximately $96,893, reflecting a slight decline over the past 24 hours
Recently, Bitcoin reached a new all-time high of $106,500, indicating strong bullish momentum.
However, technical analysis suggests the formation of a rising wedge pattern since late November, which could indicate a potential downturn.
Analysts are closely monitoring key support and resistance levels. A decisive move above $99,500 could pave the way for a rise toward $105,000, while a drop below $94,000 might confirm a bearish trend.
In summary, while Bitcoin has recently exhibited bullish behavior, current technical indicators suggest a cautious approach, as the market could experience either an uptrend continuation or a potential downtrend in the near term.