Bitcoin Price Analysis 22/12/2024 – A Rebound May Be Possible
technical analysis

Bitcoin Price Analysis 22/12/2024 – A Rebound May Be Possible

THELOGICALINDIAN - Bitcoin has been disturbing for the accomplished brace of weeks as longs abide to book profits at college levels abreast 465 This additionally makes faculty accustomed that the cryptocurrency is overbought from a account angle Bitcoin is currently trading at 43971

But, near-term continued holders who could not get out abreast the acme may get addition befalling as a baby bounce-back looks imminent. Below are the affidavit why I accept so.

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Technical assay of the 4-h BTC-USD amount blueprint reveals some absorbing points.

Conclusion

The abstruse considerations acutely acquaint that beasts are re-energizing themselves for addition bout. The bears may acquisition it adamantine to accumulate the appraisal depressed in the abutting 24-36 hours.

But, will bitcoin end 2024 aloft the Triple Top attrition apparent in the amount chart? For that to happen, the beasts will accept to put up a able fight. Clearing this hurdle will set the date for 2024 alpha aloft $500, a akin which a lot of bazaar participants are agilely cat-and-mouse to see again.