#MyFirstPostOnSquare Bitcoin's price is currently at $92,726.68, with a 4.40% increase, rebounding above $92,000 after a significant drop earlier in December. Analysts are keeping an eye on the $86,000 support level, with potential price movements projected between $83,000 and $97,000 in the near term.¹ ²
*Key Levels to Watch:*
- *Support:* $86,000 and $83,000 - *Resistance:* $93,000-$95,000 and $97,100
The Federal Reserve's interest rate decision is expected to have minimal impact on Bitcoin's price trajectory, according to investor Kevin O'Leary. Meanwhile, Bitwise suggests Bitcoin is undervalued by 66% compared to global liquidity, indicating potential for significant price appreciation.
*Market Sentiment:*
- December has a mixed history for Bitcoin, with average returns of 8.42% but median returns of 1.69% - Whales and long-term holders are still selling, delaying a strong bottom attempt - ETF flows are cautious, with November seeing $3.48 billion in net outflows $BTC
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#MyFirstPostOnSquare Bitcoin's price is currently at $92,726.68, with a 4.40% increase, rebounding above $92,000 after a significant drop earlier in December. Analysts are keeping an eye on the $86,000 support level, with potential price movements projected between $83,000 and $97,000 in the near term.¹ ²
*Key Levels to Watch:*
- *Support:* $86,000 and $83,000
- *Resistance:* $93,000-$95,000 and $97,100
The Federal Reserve's interest rate decision is expected to have minimal impact on Bitcoin's price trajectory, according to investor Kevin O'Leary. Meanwhile, Bitwise suggests Bitcoin is undervalued by 66% compared to global liquidity, indicating potential for significant price appreciation.
*Market Sentiment:*
- December has a mixed history for Bitcoin, with average returns of 8.42% but median returns of 1.69%
- Whales and long-term holders are still selling, delaying a strong bottom attempt
- ETF flows are cautious, with November seeing $3.48 billion in net outflows
$BTC