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Bitcoin Faces Critical Resistance at $102K–$108K, Will the Bulls Break Through?
As of December 22, 2024, it appears that Bitcoin’s price is in a critical juncture. The cryptocurrency’s price has reached a point where it must decide whether to break through the formidable resistance levels near $102K-$108K or succumb to selling pressure.
According to market analysis provided by EGRAG Crypto, Bitcoin bulls have been steadfastly defending key price zones around $94K-$93K, indicating growing market confidence and momentum. However, a decisive close above the equilibrium zone of $100,646 would likely trigger momentum toward these upper levels.
It is crucial for traders to monitor these zones closely, as any significant breach could dramatically alter the trajectory of the market.
Source: cryptonewsland.com
