Bitcoin Rally Hopes Return as Price Pushes Higher

Bitcoin’s move above $90,000 has reignited speculation around a potential “Christmas rally,” according to Odaily. Insights from Glassnode’s cost-basis heatmap point to a major support zone between $84,000 and $85,600, where nearly 976,000 BTC were accumulated by investors. Holding above the $84,000 level may be key to avoiding deeper pullbacks.

Market analysts also note that since November 22, Bitcoin has been trading within a wide consolidation range of $82,000 to $95,000. Historically, extended periods of consolidation often set the stage for a stronger and more explosive move once the breakout occurs.$BTC

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