Bitcoin is hovering near important support levels as trading activity focuses on key price zones. Analysts predict increased volatility and the possibility of a dip to $90,000 if support levels fail. Global economic concerns, including stagflation risks and the Federal Reserve's interest rate policy, are impacting Bitcoin's performance. On-chain metrics provide mixed signals, with short-term holders nearing seller exhaustion and the MVRV metric indicating a potential bounce point. Whale activity remains strong, while retail investors exhibit reduced trading activity. The high stablecoin reserves in Binance signal confidence in the market fundamentals, and if whale accumulation continues, Bitcoin may experience an upward price shift. Ultimately, experts will continue monitoring these metrics for potential volatility and recovery in early 2025.



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