As a seasoned crypto investor with battle scars from the wild west of blockchain, I must admit that the current market trends are reminiscent of a familiar dance – a waltz between bulls and bears. The weekend has begun with buyers seemingly leading the way, as per CoinMarketCap’s reports.
The weekend has stared with ongoing buyer dominance, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.52% over the last 24 hours.
On an hour-by-hour basis, Bitcoin’s price appears to be climbing following a nearly rebound from its immediate support at around $99,121. Should this upward trend persist, it might lead to a challenge of the upcoming resistance level by the next day.
Over a longer period, it’s crucial to focus on whether the daily candles close above or below the $99,800 mark.
If it happens far and above it, the growth may lead to a test of the $102,000 area soon.
On the weekly graph, there’s a comparable image. If the candle ends with a lengthy wick near the current levels, it could signal that bears might take control, potentially triggering a drop towards the $90,000 price range.
Bitcoin is trading at $99,574 at press time.
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2024-12-07 18:34