Here's the latest update on Bitcoin:
- *Current Price*: #Bitcoin is trading around $92,617.85, with a 24-hour trading volume of $80.71 billion.
- *Market Trend*: The cryptocurrency market is experiencing a downturn, with Bitcoin slipping below $90,000 earlier this week. Analysts attribute this decline to decreasing liquidity in the US financial system and fading expectations for a December rate cut from the Federal Reserve.
- *Support Levels*: Key support levels to watch are $88,000-$90,000 and $82,000, which could be crucial in determining #Bitcoin's next move.
- *Resistance Levels*: Resistance is expected around $94,000-$96,000, and a breakthrough above this range could lead to a rally towards $100,000-$115,000.
- *Outlook*: Despite the recent downturn, Citigroup analysts remain bullish, predicting a potential rise to $181,000 in the next year, driven by Bitcoin's growing role as digital gold ¹ ² ³.
Keep in mind that cryptocurrency markets are highly volatile, and prices can change rapidly. For the latest updates, consider following reputable sources like Cointelegraph, NewsBTC, or Brave New Coin ⁴ ⁵ ².
