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đđ Will Bitcoin Deliver a $100K Miracle This Christmas? đ đ
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¨