Bitcoin Price Decisively Back Below $100,000: What Is Going On?
Posted On December 23, 2024
Bitcoin’s (CRYPTO: BTC) volatile trading around the $100,000 mark has left investors puzzled about its prospects for the next weeks.
What Happened: Jim Bianco of Bianco Research highlighted this phenomenon in a post on X on Sunday by quoting an old Wall Street adage: “Markets will do what confuses the most people.”
Bianco believes this aptly describes Bitcoin’s current behaviour.
From January to March, Bitcoin’s move past $69,000 spurred widespread speculation, only for it to consolidate for six months.
After hitting $100,000, bulls and bears alike predicted dramatic movements—but Bitcoin has stayed range-bound for the past six …
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