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Bitcoin is currently trading between $99,000 and $102,000, reflecting market indecision after a brief breakout above $100,000. Analysts highlight crucial support levels at $90,000 and $93,000, which could absorb selling pressure if a correction occurs. The next few days are critical, as a failure to maintain support above $100,000 may lead to increased bearish risks.
Bitcoin whales, holding over 1,000 BTC, now control 3.867 million BTC, reflecting growing institutional confidence despite recent volatility. As Bitcoin trades around $100,500, maintaining this level is crucial for potential upward momentum, with analysts closely monitoring whale activity for market signals.
Bitcoin is currently trading at $98,000, struggling to break above the critical $100,000 resistance level while finding support at $94,500, the average purchase price for short-term holders. Analysts highlight that maintaining this support is crucial for market confidence, with deeper liquidity zones at $80,800 potentially coming into play if a correction occurs. The market remains indecisive, closely watching these key levels as Bitcoin prepares for its next significant move.
Axel Adler
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bitcoin remains range bound as market awaits decisive breakout or correction
22:00 13.12.2024
bitcoin whales accumulate as price hovers near critical resistance level
23:30 12.12.2024
bitcoin struggles at 100k while support holds at 94.5k
17:30 11.12.2024
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