$BTC

As of December 20, 2024, Bitcoin (BTC) is trading at approximately $96,681, reflecting a decrease of about 4.35% from the previous close.

Recent technical analysis indicates that Bitcoin has been forming a rising wedge pattern on the daily timeframe, which is often considered a bearish reversal setup. The price is approaching the wedge's apex, suggesting a potential breakout soon. The Relative Strength Index (RSI) shows bullish divergence with higher lows, indicating short-term bullish momentum; however, bearish RSI divergence at the top hints at a weakening trend.

Additionally, Bitcoin's price is nearing significant liquidation clusters between $102,000 and $104,000, areas associated with heightened volatility. Traders should monitor these levels closely, as breaching them could lead to rapid price swings driven by cascading liquidations.

Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider your financial situation before making any investment decisions.