Today, $BTC is consolidating around $95,000, following a significant rally in November where it gained over $26,000, marking one of its best months. Despite minor pullbacks, $BTC remains above key support levels like $94,500 and is trading near its 20-day simple moving average. Technical indicators suggest oversold conditions, potentially signaling a short-term bounce if buyers return to the market.
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Looking forward to tomorrow, $BTC might continue this consolidation phase, with resistance at $96,500 and a psychological barrier at $100,000. Historical trends indicate that $BTC often dips at the start of the month, followed by stronger rebounds. If this pattern holds, a parabolic movement could begin later in the month, supported by institutional interest, Federal Reserve policies, and positive crypto market dynamics.
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Traders should watch key resistance and support levels while being cautious about overbought signals indicated by the Fear and Greed Index.