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#btc #ETH #CRYPTO #DOGE #BNB As of December 27, 2024, Bitcoin (BTC) is trading at approximately $96,969, reflecting a 1.44% increase from the previous close.
Recent technical analysis indicates a bearish trend for Bitcoin. On December 21, 2024, CryptoEQ's investor signal shifted to a "Sell Zone," suggesting that Bitcoin is overbought. Additionally, FXleaders reports that Bitcoin has declined by 2% from the previous close, with support levels at $94,500 and resistance at $97,500.
In the options market, investors are increasingly purchasing protective puts, indicating expectations of a potential price decline. This sentiment follows Bitcoin's recent peak at $99,830 on November 22, 2024, before an 8% drop to $91,377.
Given these indicators, it is advisable to exercise caution and consider the possibility of a price correction in the near term. #$GT Keeps Breaking New ATH!