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Will Bitcoin Price Reclaim its $100K Mark Before 2024 Ends?

In the cryptocurrency market, Bitcoin experienced a slight recovery on Christmas day, reaching the $99,000 mark before falling back down. Despite this, year-end reports indicated a significant increase in global crypto adoption. Russia also announced its intention to include Bitcoin in international payments, generating further interest within the community. Whale activity suggests a holding pattern, with large transfers occurring between anonymous wallets. Analysts have identified $97,300 as a crucial support level for Bitcoin, with a large number of wallets buying during this price point. Looking ahead to 2025, the community anticipates intriguing activity from Bitcoin, although technical indicators currently show mixed signals. Bitcoin's bull power indicator suggests a potential opportunity for bullish movement, but the present price cycle shows resistance at $99,369 and $99,974. Altcoins like Ethereum and XRP experienced minor dips in the past day.

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