Bitcoin - Overview as of 12/20/2024
Published on 20.12.2024 12:43
The strengthening of the US dollar in various market sectors, provoked by comments from the Federal Reserve, also led to a decline in bitcoin quotes. However, it is too early to consider the current decline as the beginning of a downtrend. The nearest support zone can be considered the range: $91500-94000. As long as the price is held above, it is possible to consider buy trades. Nevertheless, it is necessary to take into account the risks. The nearest publication, which can significantly affect the market volatility, will be the release of data on personal consumption expenditures in the U.S., scheduled for Friday.