Bitcoin is currently in a consolidation phase, but experts believe that it may face further correction. Analyst Kevin suggests that the ongoing correction may not be over yet, citing unbroken resistance levels. He emphasizes the importance of Bitcoin reclaiming certain moving averages and breaking key resistance levels to signal the end of the downturn. Bulls are aiming to breach the $100,000 level, with key support levels identified. If Bitcoin breaks $100,000, it could rally to new all-time highs, but a drop below a certain level would invalidate this bullish setup. In 2025, the cryptocurrency market might experience further growth under Donald Trump's administration.
- Content Editor ( cryptonewsz.com )
- 2024-12-26
Correction is Not Over Yet: Bitcoin Faces Downward Pressure