The current Bitcoin price is down by more than two percent but has reversed and is trading above the $93k level. Whales are moving stablecoins to exchanges, indicating an encouraging trend in the crypto market. Historically, Q4 has been a strong period for Bitcoin and altcoins, and external factors like global liquidity and government actions will influence the market. Janet Yellen's announcement of hitting the debt ceiling in mid-January suggests more money printing and quantitative easing, creating favorable conditions for Bitcoin. January is expected to be quiet, with February and March potentially strong months. Bitcoin is currently reacting to support and resistance levels, and if it stays below $94,270, more downside is expected. However, breaking above this resistance could signal a change in direction.



Other News from Today