CandleFocus Bitcoin (BTC) Failed $100,000 Rebound Leaves Short-Term Holders in Doubt
2024-12-26
Author: Content Editor
Bitcoin attempted to reclaim the $100,000 milestone but fell short, leading to doubts about a near-term recovery. The failure to rebound has negatively affected market dominance and caused a notable decrease in activity among short-term holders. This decline suggests waning confidence and could result in continued downward pressure on Bitcoin's value. Additional indicators, such as STH-NUPL and the RSI, support the bearish sentiment. If resistance at $99,332 is not broken, the failed rebound may continue, with the coin potentially declining to $85,851. However, if bulls manage to push Bitcoin above this resistance, the trend could change, and the price may approach $110,000.
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