🥰On the evening of December 16, 2024, the price of Bitcoin (BTC) is trading around 102,473 USD and 104,648, down slightly by 0.50% compared to 24 hours ago, but still maintaining a positive trend in the medium term.
🤩RSI: Currently at 58, indicating that upward momentum is slightly decreasing but has not yet fallen into the overbought territory.
🤩Trading volume: Remains high at 45 billion USD, reflecting strong market interest.
Analysis:
🤩Short term: Bitcoin may continue to fluctuate within the range of 99,000 - 104,000 USD, with the possibility of testing the resistance zone near 99,850 USD.
🤩Medium term: If it holds above the support zone of 99,000 USD, Bitcoin may bounce back towards the psychological level of 106,000 USD, but a lack of new capital inflow could slow the increase.
🤩Trading strategy: Investors may consider buying at the support level of 97,000 USD if a correction occurs and taking profits at the nearby resistance levels of 106,000 USD.
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