CandleFocus Bitcoin (BTC) Price Prediction for December 28
2024-12-28
Author: Content Editor
The cryptocurrency market is currently in the red, with the price of Bitcoin dropping by 1.91% in the last 24 hours. On the hourly chart, BTC is attempting to break the resistance at $94,623, and if successful, it may rise to the $95,000 zone by the end of the week. However, on bigger time frames, if buyers lose the interim area of $94,000, there is a possibility of a test of the nearest support at $92,092. The weekly chart does not show any reversal signals yet, indicating a potential ongoing decline. If the $92,000 level is broken, there could be a test of the $90,000 range soon. At the time of writing, Bitcoin is trading at $94,544.
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