As of December 18, 2024, Bitcoin (BTC) is trading at approximately $103,520, reflecting a 3.5% decline in the last 24 hours.
Technical Analysis:
Support and Resistance Levels: BTC recently broke through the key resistance at $105,000, which could indicate a potential rise to the next resistance level at $110,000.
Indicators: According to Bitget, BTC is signaling a “Strong Buy” on the daily chart, with 18 indicators recommending Buy, 6 Neutral, and only 1 Sell.
My Opinion:
The current dynamics of BTC indicate a possible continuation of the uptrend, especially after the $105,000 breakout. However, the 3.5% decline in the last 24 hours indicates the presence of short-term volatility. It is recommended to closely monitor support and resistance levels, as well as the general sentiment of the cryptocurrency market. Before making investment decisions, it is worth conducting your own analysis and assessing the risks.
*Please note that cryptocurrencies are highly volatile assets. Before making investment decisions, conduct your own analysis and assess the risks.*
