#BTCOutlook

As of December 22, 2024, Bitcoin (BTC) is trading at approximately $95,639, reflecting a 1.83% decrease over the past 24 hours.

​​$BTC

Technical analysis indicates that Bitcoin is in a rising trend channel in the medium to long term, suggesting that investors have been purchasing the cryptocurrency at progressively higher prices, which is a positive sign. ​​

However, recent price movements have shown a decline of over 9% this week, with Bitcoin trading below $95,000 on Friday. ​​

The Relative Strength Index (RSI) is currently at 63.664, indicating a buy signal, while the Stochastic Oscillator is at 99.348, suggesting overbought conditions. ​​

In summary, while Bitcoin maintains a rising trend in the medium to long term, recent declines and overbought indicators suggest the potential for short-term corrections. Investors should monitor these technical indicators and market developments closely.​​