As 2024 wraps up, Bitcoin sits tantalizingly close to the $100K milestone, trading at $96,316. While itâs down slightly by 0.35% since Decemberâs start, the holiday magic might still be brewing. Could Santa gift the crypto world a six-figure Bitcoin? Letâs unwrap the possibilities! đâ¨
đ˘ Bitcoinâs Rollercoaster Momentum
Bitcoin entered December near record highs but saw a sharp drop of $15,000 from last weekâs peak. Yet, in true Bitcoin fashion, it bounced back with a 2.28% gain in the last two hours, keeping traders on edge.
đ 2024 Highlights:
⢠Q4 Surge: Up 49% this quarter.
⢠Year-to-Date Gain: A jaw-dropping 124%.
⢠Annual Low Recovery: A massive 157% gain from 2024âs bottom.
While December feels quieter than usual, history tells us Bitcoin loves to keep us guessingâespecially during the holidays.
đ What the Charts Say:
RSI Signals:
đ Monthly RSI: At 75.20, Bitcoin is entering overbought territory but still has room to grow. During past bull runs, RSI levels have hit 96âis another surge on the horizon?
đ Hourly RSI: Sitting at 62, a short-term push remains possible.
Resistance Levels:
đ Immediate Barrier: $96,400.
đ Major Resistance: $108,000âbreaking this could pave the way to $100K+.
Whale Activity:
đ Whales are thinning resistance in the $90K zone, signaling possible momentum. But remember, their moves can cause sudden volatilityâstay alert!
đ
A Christmas Miracle in Sight?
Bitcoinâs final weekly candle of 2024 could still bring surprises:
đ The Bullish Case:
⢠Strong market sentiment supports a potential rally.
⢠Lower resistance could allow Bitcoin to breach the $100K mark.
đ The Cautious Case:
⢠Whale-driven liquidations might hold Bitcoin back.
⢠Resistance above $108K remains a major challenge.
đ Do You Believe in Miracles?
Bitcoin has proven time and again that it can defy the odds. Will this be the year it crosses into six-figure territory during the festive season?
Share your thoughts below and letâs keep the holiday cheer alive! đâ¨
đ
Merry Christmas, Crypto Family! đ
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