Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K : The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard. As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others.Bitcoin Stopped at $100K Bitcoin went through amassive correctionlast week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500. However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated anotable price increasethat pushed bitcoin up to $99,200 on Christmas Eve and almost $100,000 yesterday evening.
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🤩🤩Good News **Bitcoin Update Today**
We are entering the anticipated altcoin bull market. During this phase, unexpected price surges may occur, signaling the conclusion of the bull run. When you spot a good profit opportunity, consider exiting the market. The next bull cycle is projected to begin in 2027 after the downturn phase. Plan your moves carefully and make informed decisions.
A word of caution: Be wary of claims on social media predicting Bitcoin will reach $200,000 or $300,000. While altcoins may rally and Bitcoin could surpass its previous highs, sharp declines may follow. The choice is yours—stay informed and trade wisely.
**Market Overview** 1. The global cryptocurrency market is valued at $3.46 trillion, with a 24-hour trading volume of $224.95 billion. Bitcoin (BTC) represents 53.9% of the market value, while Ethereum accounts for 11.8%. 2. On Monday, U.S. stocks rebounded as investors analyzed economic data and assessed Federal Reserve policies. The Dow rose 0.16% to 42,906.95 points, the Nasdaq increased 0.98% to 19,764.89 points, and the S&P 500 climbed 0.73% to 5,974.07 points. U.S. markets will close early on Tuesday for the holiday. Tech stocks performed strongly, with Nvidia gaining 3.7%, Broadcom rising 5.5%, and AMD increasing 4.5%. In contrast, MicroStrategy dropped 8.8%. 3. The Fear and Greed Index stands at 73, up 3 points from yesterday, indicating strong market sentiment. The BTC dollar-cost averaging index remains at 24, suggesting a "hold and observe" strategy.
**Detailed Analysis** The cryptocurrency sector is encouraging policy reforms to accelerate the integration of digital assets into mainstream finance. Industry advocates are pushing for executive orders to ensure better access to banking services, promote token adoption, and establish a dedicated cryptocurrency committee. These reforms aim to align regulatory frameworks with the growing demand for cryptocurrencies.
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#ChristmasMarketAnalysis 🚨 Bitcoin Dips to $93K: Buy Opportunity or Red Flag? 🚨 #bitcoin next move The crypto market is seeing a sharp pullback, with Bitcoin falling nearly 14% from its all-time high of $108,379 on Dec. 17. Today, BTC is threatening to re-test Friday's spike low of $92,115, putting $90K in focus as a critical support zone. 💡 What’s Happening? Market Sentiment: BTC battles to hold above $93K, eyeing a potential double-bottom formation. Historical Patterns: Will history repeat itself with a January selloff, or could we see strong buying early in 2025? FOMC Impact: The hawkish tone from the Federal Reserve has emboldened sellers. 🔑 Key Levels to Watch: Immediate Support: $92,115 Critical Zone: $90K Resistance: $100K psychological level
**Bitcoin ($BTC ) Faces Key Resistance at $97,500-$99,800: Breakout Could Signal New ATH**
Bitcoin ($BTC ) recently surged past $107K before dipping back below this milestone. Despite the retracement, the leading cryptocurrency shows promising potential for a recovery. The price now confronts a crucial resistance zone at $97,500-$99,800, with a breakout above this range possibly paving the way to new all-time highs (ATHs). Analysts suggest this could be the tipping point for Bitcoin to reach unprecedented heights.
### **Bitcoin Faces Resistance at $97,500-$99,800** Bitcoin is currently trading at $97,652.90, reflecting a 0.46% increase over the past 24 hours. However, it has seen a 4.03% drop over the last week and a 0.15% decline over the past 30 days. Its market capitalization and 24-hour trading volume stand at $1.93 trillion and $95.9 billion, respectively.
The $97,500-$99,800 range poses a significant barrier for Bitcoin, with nearly 924,000 wallets previously purchasing over 1.19 million $BTC tokens within this zone. Overcoming this resistance level could trigger an upward momentum, potentially leading to fresh ATHs for the cryptocurrency.
### **Breaking Resistance Could Propel Bitcoin Higher** A breakout above the $97,500-$99,800 "brick wall" could reignite Bitcoin’s upward trajectory. Analysts predict that such a move might initiate a new rally, with Bitcoin eyeing its next price milestones.
Bitcoin’s performance remains under close watch as investors and traders anticipate the next move, especially during this festive season. Stay tuned for further updates on Bitcoin's price action.
🚀 TRX/USDT Technical Analysis – Time for the Next Move? 🚀 The TRX/USDT pair is trading at $0.2506, holding steady after a period of strong market activity. Here's what the charts are saying: 💡 Key Levels to Watch: Support: Immediate support lies at $0.2450, where buyers have consistently stepped in to stabilize the price. Resistance: The key resistance level is at $0.2550, a zone that has capped upward movements recently. 📈 Trading Strategy: Bullish Setup: If TRX breaks above $0.2550, expect a rally toward $0.2600 or even $0.2650. Look for high volume to confirm the breakout, and place a stop-loss below $0.2520. Bearish Setup: A breakdown below $0.2450 could open the door for a decline toward $0.2400. Short positions should have a stop-loss near $0.2470 to limit risk. ⚡ With TRX showing resilience at current levels, a breakout or breakdown could happen soon. Keep an eye on market sentiment and volume for clues about the next move! Are you bullish or bearish on TRX? Drop your predictions below! 📊
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Bitcoin: Be Prepared ASAP! - This Pattern Will Break Very SOON!
*The analysis highlights Bitcoin's recent bearish engulfing candle, possible corrective movements, critical support zones, short-term patterns, and potential price trends.
*Bitcoin's close with a bearish engulfing candle has sparked concerns about a market correction.
*Currently, the 50 Simple Moving Average and an ascending trendline serve as key support levels, helping to prevent a sharp decline.
*Short-term trends emphasize chart patterns like ascending wedges to forecast Bitcoin's next price moves.
*Key levels to monitor include a break above $112,500 for bullish momentum and a daily close below critical support levels as a bearish signal.
*Historical data indicates that Bitcoin has endured corrections of up to 30% without ending its overall bullish trajectory.
The analysis also touches on the impact of Bitcoin corrections on altcoins, especially Ethereum, and highlights the need to maintain crucial support levels to ensure market stability.
**Bitcoin ($BTC) Faces Key Resistance at $97,500-$99,800: Breakout Could Signal New ATH**
Bitcoin ($BTC) recently surged past $107K before dipping back below this milestone. Despite the retracement, the leading cryptocurrency shows promising potential for a recovery. The price now confronts a crucial resistance zone at $97,500-$99,800, with a breakout above this range possibly paving the way to new all-time highs (ATHs). Analysts suggest this could be the tipping point for Bitcoin to reach unprecedented heights.
### **Bitcoin Faces Resistance at $97,500-$99,800** Bitcoin is currently trading at $97,652.90, reflecting a 0.46% increase over the past 24 hours. However, it has seen a 4.03% drop over the last week and a 0.15% decline over the past 30 days. Its market capitalization and 24-hour trading volume stand at $1.93 trillion and $95.9 billion, respectively.
The $97,500-$99,800 range poses a significant barrier for Bitcoin, with nearly 924,000 wallets previously purchasing over 1.19 million $BTC tokens within this zone. Overcoming this resistance level could trigger an upward momentum, potentially leading to fresh ATHs for the cryptocurrency.
### **Breaking Resistance Could Propel Bitcoin Higher** A breakout above the $97,500-$99,800 "brick wall" could reignite Bitcoin’s upward trajectory. Analysts predict that such a move might initiate a new rally, with Bitcoin eyeing its next price milestones.
Bitcoin’s performance remains under close watch as investors and traders anticipate the next move, especially during this festive season. Stay tuned for further updates on Bitcoin's price action.
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🚨 $DOGS /USDT Trading Signal Alert 🚨Current Price: $0.0005336 Time Frame: 1-Hour Chart Trend Analysis: The price is in a consolidation phase after a recent downward retracement from the high of $0.0005851. Watch for signs of stabilization or a potential breakout. Key Levels to Watch: Resistance: $0.0005500 and $0.0005851 Support: $0.0005205 Signal: Entry Price: $0.0005336 Take-Profit Targets: 1. $0.0005400 2. $0.0005500 3. $0.0005700 Stop Loss: $0.0005200 Note: Wait for confirmation of breakout signals before entering. Maintain proper risk management strategies as volatility in meme coins can be high. 📊 #Altcoins #CryptoSignals