Bitcoin’s price has fallen significantly, indicating market instability. Trading volumes hit a low of 55 billion USD, reflecting a lack of trader confidence. Analysts are concerned about further declines, with potential support levels targeted at 87,728.44 USD.
Historically, Bitcoin rallies occurred post-Christmas, yet this year appears different. With 8 out of 10 historical data supporting a rally, current sentiment remains negative due to past declines and competing interest from new MEME coins.
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