CandleFocus Bitcoin Price Nears $100K – Is a Crash Around the Corner?
2024-12-25
Author: Content Editor
Bitcoin has recently recovered from a dip to $92,000 and climbed back to $99,100. However, concerns are being raised about a potential market correction due to Bitcoin's repeated failure to break past the $104,000 resistance level. Despite the bullish momentum, the $104,000 level has acted as a significant barrier. Analysts warn that a drop in trading volume could trigger a major downturn, potentially leading to significant price drops. Various support levels are predicted if a correction occurs.
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