According to CoinStats, the cryptocurrency market is currently in a neutral state, neither bearish nor bullish, as the year comes to an end. The price of Bitcoin has increased by 2.2% in the past 24 hours. On the hourly chart, Bitcoin is breaking the resistance at $94,532, and if the daily bar closes far from it, there is a chance that the price could reach the $97,000 level by January 1st. On a larger time frame, Bitcoin has bounced off the support level at $91,760, and if the candle closes near $96,000, traders may expect further growth towards the $98,000 range soon. However, the volume of trading is decreasing, indicating that there is no clear direction or initiative from either side, and the chances of any major price movements in the near future are low. Currently, Bitcoin is trading at $95,422.



Other News from Today