$BTC $ETH $SOL

Bitcoin ($BTC) has recently signaled a shift in momentum, transtioning from a "red light" to a "yellow light" phase. This morning, BTC touched a critical support level at $92K, followed by a modest rebound to the $95K zone with relatively low trading volume. This scenario mirrors previous periods, such as December 6 and December 20, 2024, when BTC dropped to the same support zone but bounced with a notable surge in volume. The question now is whether BTC will repeat the pattern of moving towards resistance levels, potentially reaching a high point or even triggering a bull trap.

Looking back at the previous cycle, BTC managed to reach the $98K resistance zone in late December 2024, despite the relatively subdued volume. However, if we compare the current market structure to that period, we notice a similarity in terms of volume and price action. At this stage, it’s crucial to evaluate the behavior of top coins like Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and Dogecoin (DOGE). Historically, these coins have led the market and often give us clues about BTC’s future trajectory. In the past, w$d suit and continued its rise.

Given the current state of the market, the potential for BTC to revisit the $98K resistance is high, especially if the top coins collectively signal a bullish move. However, if these major cryptocurrencies fail to show strength and break through their support zones, we may witness a re-accumulation phase around $92K-$95K or, in the worst-case scenario, a bull trap that could see BTC retreat to $89K.

#BTCAnalysis #CryptoMarketUpdate #BitcoinPrice

#CryptoRebound #MarketTrends