Christmas are Near, enjoy the weekend | Halving2024 on Binance Square

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Christmas are Near, enjoy the weekend 🔥🚀🔥

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📈 Current Daily Technical Overview (Approximate Range) Price Consolidation: Bitcoin has been consolidating in a relatively tight horizontal range, generally cited between $85,000 and $94,000 (note: prices in articles vary slightly). This range-bound movement could be seen as "building energy" for a larger move. Key Support Hold: The price has bounced back repeatedly from a significant support area, notably near $85,200 (which aligns with a key Fibonacci level in some analyses). Holding this level is a strong sign of underlying demand and a crucial element for any bullish reversal.

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Bitcoin has slipped below the $90,000 level. Some sources indicate it dipped as low as $88,000 today, ending a brief period of stability above the $90,000 mark. The overall crypto market has reportedly been under pressure.

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Here's what history and recent analysis suggest about Bitcoin and December: Volatility is Normal: Bitcoin is known for its high volatility, and significant price swings (both up and down) are common. The term "hard moment" could describe a sharp drop or a difficult period for investors. December Trends are Mixed: Historically, December has been a coin toss for Bitcoin's price. While there have been some massive "Santa rally" years (like 2016, 2017, and 2020), which pull the average return up, the median performance for the month is often slightly negative. Overall, Bitcoin has finished December in the red more often than in the green since 2013. Recent Context (Based on the search results for the present day, December 5, 2025): The market has been experiencing wide swings recently, with significant drops and rebounds in the months leading up to December. Some analysts suggest that if November closed negatively (which it often has), the seasonality data points towards December potentially being another down month rather than a rally. Price pullbacks of 25-40% are considered relatively normal within Bitcoin's multi-year cycles.

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🔑 Key Price Levels on the Daily Chart Immediate Resistance: Analysts note a critical battleground or resistance area around $92,975 - $95,000. A sustained break above this range could confirm a stronger bullish move. Next Bullish Targets: If the resistance is broken, the next targets for bulls are the $99,000 level and potentially the psychological $100,000 mark. Immediate Support: Key support is identified around the $86,000 "support box" and the round number of $90,000. Holding above these levels is crucial for maintaining the bullish thesis. 🌐 Driving Factors for the Bullish Momentum The recent recovery and bullish sentiment on the daily chart are being attributed to a combination of macro and structural factors: Macroeconomic Policy Shifts: Hopes for more accommodating monetary policy from the US Federal Reserve (such as a halt to Quantitative Tightening or potential rate cuts) have increased, leading to a broader shift toward risk assets like Bitcoin. Institutional Inflows: Continued inflows into spot Bitcoin ETFs have been reported, demonstrating sustained institutional demand and providing a consistent source of buying pressure. Volatility Compression: Technical indicators showed historic lows in price swings (volatility), a pattern that has historically preceded large, rapid price movements (parabolic moves).

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📈 Current Status and Role of $90K Key Pivot/Barrier: The $90,000 level has frequently been mentioned as a significant psychological barrier and a pivot zone or neutrality level. Contested Support: In recent volatility, Bitcoin has dipped below $90,000 but has often seen a quick bounce back, indicating that it is a demand zone where buyers step in. Some analysts note that the $90,000 to $93,000 range has functioned as a major support/pivot area. 📉 Critical Support Levels Below $90K While $90,000 is important, analysts have identified several more established or "final" support levels below it that would be more critical if the price breaks down: Mid-Term Support: The $85,000 area has been highlighted as a solid mid-term support, with some charts aligning the 50-period EMA or previous consolidation points near this level. Final Short-Term Support: The $80,300 - $84,000 range is often cited as a crucial support zone. A sustained break below $84,000 could open the path toward deeper supports. Key Long-Term Support: Deeper supports are identified around $75,000 and the broader $69,000–$72,000 range. ⬆️ Key Resistance Levels Above $90K If Bitcoin can firmly hold and establish $90,000 as support, the focus shifts to overhead resistance: Immediate Resistance: The $91,400 to $93,000 zone is considered the next immediate resistance level.

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