Bitcoin’s consolidation in December follows a closing price of 91,277 USD on December 2. Accumulators have increased their holdings, indicating bullish sentiment as Fed Chair Jerome Powell announces a dovish interest rate cut.
The derivatives market is showing bullish signs with a Funding Rate of 0.0067%, suggesting a resurgence in buying among investors. Current trends indicate that Bitcoin may experience upward momentum as liquidity clusters suggest minimal resistance.
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