Sunday, 29 December 2024

Christmas Holiday is over, 2025 is approaching, how will Bitcoin trend?

 


During the Christmas period, the US stock market is closed, and European and American traders are also on holiday, resulting in a relatively calm market with no significant fluctuations. With the end of the Christmas holiday, Bitcoin once again fell below 94,000. From the current situation, Bitcoin's price is continuously testing the Trendlines, although the lows are slightly rising, there have not been higher highs, indicating that the Bitcoin buyers are relatively weak at the moment, and it is likely to break below the Trendlines and test the price range of 90,000 to 91,000. Of course, if Bitcoin strongly rises back above the 95,500 level and stabilizes after the backtest, then Bitcoin still has the potential to continue upward.

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