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Mudasir Iqbal
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go down beak the support or not any chance the reversal or not š¤
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$BTC **Bitcoin Price Action: What's Next?** Bitcoin (BTC) continues to dominate the crypto market, showing strong resistance near key levels. With recent fluctuations, traders are closely watching support at $42,000 and resistance around $45,000. A breakout could signal a bullish move, while rejection may lead to a retracement. Market sentiment remains mixed, with institutional investors showing renewed interest. Will BTC break past resistance, or is a pullback on the horizon? Share your predictions in the comments! #bitcoin
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Btc Close at 93,734$
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#ChristmasMarketAnalysis History doesn't repeat itself, but it does rhyme. Christmas is coming, and the New Year of 2025 is approaching. Christmas, New Year, Trump's inauguration, Bitcoin's half-year reduction... With these buffs, Bitcoin may be expected to end the adjustment and return to the upward track again. Christmas is coming, is the crypto market correction over? The Federal Reserve announced a rate cut last week and lowered the possibility of further rate cuts, leading to a global market collapse. Bitcoin fell from its historical high of 108,000 to around 90,000 US dollars in just a few days. Altcoin were in a bloodbath, and some tokens lost all their gains during the bull market. Matt Hougan, chief investment officer at Bitwise Asset Management, attributed the recent crypto market pullback to a ānatural unwinding of leverage,ā and stressed that āthe long-term drivers remain intact and we are still in a strong bull market.ā This pullback caused a large-scale liquidation and reduced market leverage. At the same time, Christmas will come this week, and the global market may usher in a "Christmas rally". The "Christmas rally" refers to the last five trading days of the year and the first two trading days of the New Year. Historically, the US stock market has a positive trend in these seven days. Bitcoin is currently greatly affected by the trend of US stocks and gold. If the stock market is doing well, this may drive the sentiment of the crypto market up.
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