Bitcoin at $24k: A Key Momentum Level? Is $24,000 a crucial price point for Bitcoin's next move? The market is closely watching to see if BTC can sustain this level, as it could dictate short-to-mid-term momentum. Several factors are influencing Bitcoin's current trajectory.

Technical Analysis and Market Sentiment: Bitcoin gathered plenty of potential energy during the weekend, and the question is whether it can translate into sustained upward movement. Hace 1 día Bitcoin price prediction remains neutral to bullish in the mid-term, with potential for gains if key resistance levels are broken. However, bearish signals remain a possibility if support falters.

External Influences: The BTC price jumps 5% after the Fed rate hike decision. However, traders are still assessing the long-term impact of monetary policy on cryptocurrency markets. Macroeconomic factors continue to play a significant role in Bitcoin's price fluctuations.

Potential Scenarios: Hace 3 horas Key points: Bitcoin is trading back below its recent all-time highs, grilling investor confidence. Overcoming this hesitancy is crucial for further gains. Conversely, failure to hold above key support could trigger a sell-off.

Looking Ahead: According to his analysis, if Bitcoin reclaims $97K, it could gain momentum... While that specific price point is outdated, the principle remains: reclaiming and holding key levels are vital for sustaining momentum. Hace 4 días A key momentum indicator called the 30-day rate of change (ROC), which is showing signs of potential bullishness, further fuels speculation about a possible uptrend. Bitcoin hits $109,000 but faces key resistance at $110,000 as whale is selling positions, highlighting the importance of overcoming significant resistance barriers for continued upward trajectory. Watch these levels closely to understand Bitcoin's next move.