bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/is-bitcoins-price-stabilizing-after-correction" data-wpel-link="internal" rel="noopener noreferrer nofollow">Is Bitcoin’s Price Stabilizing After Correction?</a><br></p>
<p style="text-align: justify">Recent fluctuations in <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-trump-gains-election-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>’s price have ignited fresh debates in the cryptocurrency sector. Following a brief dip near the $99,000 mark, the cryptocurrency has entered a phase of consolidation, prompting discussions about the market’s trajectory. Observers are keen to determine if this pause indicates a wave of selling pressure or if it simply reflects a short-lived slowdown in a broader bullish trend.</p>
<h2 style="text-align: justify" id="strong-what-key-price-levels-are-analysts-watching-strong"><strong>What Key Price Levels Are Analysts Watching?</strong></h2>
<p style="text-align: justify">Market expert Ali Charts highlighted the significance of the $96,000 threshold. He noted that if Bitcoin dips below this level, attention will shift to $90,000 and $85,000 as potential support points. This insight is drawn from historical Fibonacci retracement analysis.</p>
<h2 style="text-align: justify" id="strong-why-is-institutional-demand-so-important-strong"><strong>Why Is Institutional Demand So Important?</strong></h2>
<p style="text-align: justify">Long-term Bitcoin holders are beginning to reduce their positions, with holdings decreasing from $14.23 billion to $13.31 billion over a two-month period, according to Glassnode data. This suggests that seasoned investors may be cashing in at local highs.</p>
<p style="text-align: justify">Despite the recent price corrections, Bitcoin maintains a strong bullish outlook. Key points include:</p>
<ul>
 <li>The realized profit ratio stands at 1.81, indicating limited selling pressure.</li>
 <li>Institutional demand may cap further price declines, with predictions of Bitcoin reaching $145,000 in the medium term.</li>
 <li>Assets in Bitcoin ETFs rose sharply from $24.23 billion to $37 billion, underscoring growing institutional interest.</li>
</ul>
<p style="text-align: justify">Positive indicators persist in the Bitcoin market, bolstered by institutional engagement and established technical support levels. Investors are advised to stay vigilant regarding market dynamics as they unfold.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/is-bitcoins-price-stabilizing-after-correction" data-wpel-link="internal" rel="noopener noreferrer nofollow">Is Bitcoin’s Price Stabilizing After Correction?</a></h5>

Is Bitcoin’s Price Stabilizing After Correction?

Table of Contents

BH NEWS

Other articles published on Dec 20, 2024

Solana-Based Parcl Token Fluctuates Post-Coinbase Listing

Smart Investors Fuel BTFD Coin’s Presale While Baby Doge Coin Soars and Pepe Coin Smashes $11B Ca...

SEC Prepares for Shutdown: What Does This Mean for XRP and Investors?

Can PEPE Beat Dogecoin in the Meme Coin Race? ChatGPT’s Surprising Call: XYZ Wins

POPCAT Faces Critical Market Decision Point

Crypto Investment Products Shatter Weekly Inflows Record with $3.85B

Join our free newsletter for daily crypto updates!