#BTC_MARKET_UPDATE $BTC

As of December 23, 2024, Bitcoin (BTC) is trading at approximately $95,798, reflecting a slight decline of about 0.84% over the past 24 hours.

Bitcoin (BTC)

$95,798.00

-$815.00(-0.84%)Today

In ICT (Inner Circle Trader) methodology, identifying premium and discount zones involves analyzing price ranges to determine optimal buying and selling areas. The equilibrium, or 50% retracement level, serves as the dividing line:

Discount Zone: Prices below the 50% level, considered favorable for buying opportunities.

Premium Zone: Prices above the 50% level, considered favorable for selling opportunities.

To assess whether Bitcoin is in a discount zone, one would apply the Fibonacci retracement tool to a significant price range, typically from a recent swing low to swing high in an uptrend, or from swing high to swing low in a downtrend. If the current price is below the 50% retracement level of this range, it would be in the discount zone.

Given Bitcoin's recent price fluctuations, it's essential to analyze the specific price range you're considering to determine its current position relative to the premium and discount zones. This analysis should be complemented with other ICT concepts and current market structure to make informed trading decisions.