Summary:

Bitcoin reached a milestone of $100,000 for the first time, with a 128% increase in 2024. However, the Average Directional Index (ADX) of 15.8 indicates that the current uptrend lacks significant strength and momentum. The number of whale addresses holding at least 1,000 BTC, which had previously dropped, has started to rise again, showing renewed accumulation. However, the number of whales remains below mid-November levels, leaving room for further recovery. The BTC price is currently fluctuating between $99,000 and $103,000, with a weak ADX suggesting vulnerability to changes in trend strength. Potential price movements include a retest of $103,000 and upward movements toward $105,000 and $110,000, or a reversal resulting in support levels of $93,500 and potentially $88,700.



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