Bitcoin Up 1% To $94,000: ‘Sweet’ Setup Going Into 2025, But Beware A Drop Below $93,000, Experts Say
Posted On December 30, 2024
Bitcoin’s (CRYPTO: BTC) relatively subdued performance over the past week has traders speculating whether prices might fall below key support levels before year-end.
What Happened: Chris Burniske, a crypto industry expert and former ARK Invest analyst, remains optimistic despite Bitcoin’s 15% retracement from its highs.
He points out that quality altcoins are showing resilience, forming higher lows on key timeframes, which suggests the market structure remains healthy.
In a post on X on Saturday, Burniske noted that sentiment and funding rates reveal diminished enthusiasm among late bulls.
However, bullish Q4 developments, coupled with the current fear in the market, present what he calls …
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