Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin whales stop with a discount! Will BTC retain above $ 100k?

2025-06-02

Top Crypto Gainers Today: Flare, Monero, Zcash Break Out – What feeds the rally?

2025-06-02

The crypto -tree of South Korea is inevitable -regardless of who wins the elections

2025-06-02
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    FMCPay and Asterai stand together to use AI agents and automation on Web3

    2025-06-02

    Tilted joins Quizon to Gamify web3 learning

    2025-06-02

    OKX Wallet works together with Sidekick Labs to improve the Web3 accessibility

    2025-06-02

    Taskon Partners GPT360 to accelerate the expansion of the Web3 community

    2025-06-02

    Goplus Security reveals Goplus-MCP, the first AI-Native Security Layer for Web3

    2025-06-02
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02

    Nobel Prize Economist says: ‘Stablecoins do not serve clearly useful function’; Co-founder of Coinmetrics does not agree

    2025-06-01

    Memecoin investors should not look at the SEC for protection, “says Commissioner Hester Pierce

    2025-06-01

    IMF requires urgent clarification of Pakistan more than 2,000 MW of Power Allowance to Bitcoin -Mybouw

    2025-06-01
  • Analysis

    Stablecoin USD1 from WLFI surpasses $ 10 billion in transfers within 10 days after Binance list

    2025-06-02

    Circle’s IPO attracts great interest rates, set for $ 7.2 billion rating

    2025-06-02

    Ethereum – Price stabilizes after a drop – can bulls regain control?

    2025-06-02

    Tradefi Giant and FTSE-Genotaed IG launches Retail Crypto Trading in the UK with succeeding tomorrow

    2025-06-02

    Trump’s trade war now closer to the endgame while the White House loses lawsuits, according to Tom Lee of Fundstrat

    2025-06-02
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin will end 2024 on a high? This level is crucial
Bitcoin

Bitcoin will end 2024 on a high? This level is crucial

2024-12-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

As Bitcoin (BTC) continues to move sideways, investors are wondering whether the flagship crypto will end the year on a positive note or on a sour note. Some analysts suggest that a close above recently lost levels could push BTC’s price to new highs.

Related reading

Bitcoin’s red week, the green year

Since crossing the long-awaited $100,000 mark in early December, Bitcoin has seen two significant corrections in the lower zone of its one-month range. During the month, the price of the flagship fluctuated between $90,000 and $108,000, and fluctuated between $96,000 and $102,000 for most of December.

However, since hitting its latest all-time high (ATH) of $108,353 ten days ago, Bitcoin has lost the $100,000 support zone and fallen to its lowest price in weeks. Over the past week, BTC has struggled to regain the $98,000 support zone, losing its Christmas retest above this level on Thursday.

Now the largest cryptocurrency by market cap is moving within the middle zone of its monthly range, showing a candle that “doesn’t look great, but it’s not the worst either. Neutral, and still a few days to go,” said Altcoin Sherpa.

The analyst suggested that Bitcoin “could see some strange price action in desperation in the coming weeks, followed by an absolute moon mission and a great alt season.”

Meanwhile, Daan Crypto Trades called BTC’s current price action is the ‘year-end bite’. He noted that as Bitcoin moves sideways, liquidity “increases on both sides,” with an area of ​​interest below $94,000 and a key level above $100,000.

See also  Bitcoin Ordinals intends to remove the costs with this new standard

Some investors asked the community to zoom out on BTC’s chart, highlighting that the cryptocurrency remains within a historic range despite its horizontal trajectory. If Bitcoin were to end the year at its current price, it would still post a 48.15% return in the fourth quarter and a 122% increase in the annual time frame.

Bitcoin Risks Drop to One-Month Low

Analyst Carl Runefelt considers that investors should keep an eye on the $92,500 support zone, as an undershoot of that horizontal level could send BTC’s price soaring to $86,000. Similarly, Ali Martinez warned investors about a key level for BTC.

Martinez claimed that investors “don’t want Bitcoin to fall below $92,730,” explaining that it’s “essentially free-fall territory” if the flagship crypto loses that level. According to the analyst, the flagship crypto could fall to $70,000 if it loses the key support zone based on the UTXO Realized Price Distribution (URPD) chart.

In an earlier post, he explored a bearish prospect where BTC could fall to $60,000, noting that several experts were predicting a 23% to 36% correction for BTC.

Martinez sees a 25% crash to the $70,000 mark as possible as the URPD chart shows minimal support below the $93,806 and $92,730 zones. “If this critical demand area does not hold, we could see a sharp decline to $70,085,” he warned.

Related reading

He also pointed out that Bitcoin has fallen below one of its “key support zones at $97,300,” indicating a bearish outlook while not being recovered.

However, the analyst claimed that this outlook would be invalid if BTC had “a sustained close above $97,300 and, more importantly, a daily close above $100,000.” Martinez added that regaining these levels could mark the next step toward the $168,000 target.

See also  Bitcoin price to break the key resistance for rally with a crash for this zone first

At the time of writing, Bitcoin is trading at $94,587, down 1.24% in the daily time frame.

bitcoin, btc, btcusdt
Bitcoin’s performance on one week chart. Source: BTCUSDT on Trading view

Featured image from Unsplash.com, chart from TradingView.com

Source link

Bitcoin crucial high level
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin whales stop with a discount! Will BTC retain above $ 100k?

2025-06-02

The crypto -tree of South Korea is inevitable -regardless of who wins the elections

2025-06-02

NFT -Market slips in May despite the growth of the buyers and profit of Bitcoin, Avalanche

2025-06-02

From high potential to high impact – it is .collect

2025-06-02
Add A Comment

Comments are closed.

Top Posts

Will Bitcoin Surprise Investors in Q4 2023?

2023-10-01

Analyst says that Bitcoin is rapidly approaching ‘decision time’, emphasizes a factor that can determine the BTC direction

2025-02-01

How Bitcoin and Ethereum Pushed the Cryptocurrency Market Cap to Over $2 Trillion

2024-06-06
Editors Picks

Blur NFT Loans Surpass $16 Million in Loans, Led by Matchi Big Brother

2023-05-05

Stack ‘point chain’ layer-3 aims to bring loyalty points to Base

2024-03-14

Solana Welcomes Ethereum Prodigy – Impact on SOL Price

2024-12-11

Dogecoin Profits Fall: Analyzing Trends and Trader Sentiment

2024-01-20

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin whales stop with a discount! Will BTC retain above $ 100k?

Top Crypto Gainers Today: Flare, Monero, Zcash Break Out – What feeds the rally?

The crypto -tree of South Korea is inevitable -regardless of who wins the elections

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,773.360.18%
  • ethereumEthereum(ETH)$2,587.351.89%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.190.76%
  • binancecoinBNB(BNB)$665.020.79%
  • solanaSolana(SOL)$156.34-0.65%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1949360.58%
  • tronTRON(TRX)$0.268782-0.60%
  • cardanoCardano(ADA)$0.690.91%
  • hyperliquidHyperliquid(HYPE)$35.935.95%
  • suiSui(SUI)$3.350.57%
  • chainlinkChainlink(LINK)$14.02-0.28%
  • avalanche-2Avalanche(AVAX)$21.141.42%
  • stellarStellar(XLM)$0.2709971.40%
  • bitcoin-cashBitcoin Cash(BCH)$402.89-0.41%
  • the-open-networkToncoin(TON)$3.220.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.50-1.28%
  • shiba-inuShiba Inu(SHIB)$0.0000131.55%
  • hedera-hashgraphHedera(HBAR)$0.1715681.90%
  • litecoinLitecoin(LTC)$89.531.34%
  • moneroMonero(XMR)$356.592.58%
  • polkadotPolkadot(DOT)$4.152.13%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.75-0.62%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.0000123.61%
  • piPi(PI)$0.650.51%
  • uniswapUniswap(UNI)$6.401.13%
  • aaveAave(AAVE)$255.703.22%
  • bittensorBittensor(TAO)$403.49-2.45%
  • aptosAptos(APT)$4.891.88%
  • crypto-com-chainCronos(CRO)$0.102965-2.25%
  • nearNEAR Protocol(NEAR)$2.501.87%
  • okbOKB(OKB)$49.91-0.48%
  • internet-computerInternet Computer(ICP)$5.103.10%
  • ondo-financeOndo(ONDO)$0.850.95%
  • ethereum-classicEthereum Classic(ETC)$17.492.22%
  • gatechain-tokenGateToken(GT)$19.23-0.09%
  • kaspaKaspa(KAS)$0.0893650.85%
  • mantleMantle(MNT)$0.68-0.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2185491.57%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.31-0.27%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • vechainVeChain(VET)$0.0247901.91%
  • render-tokenRender(RENDER)$3.992.06%
  • ethenaEthena(ENA)$0.3283844.47%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.782.69%
  • worldcoin-wldWorldcoin(WLD)$1.170.89%
  • filecoinFilecoin(FIL)$2.632.20%
  • bitcoinBitcoin(BTC)$105,773.360.18%
  • ethereumEthereum(ETH)$2,587.351.89%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.190.76%
  • binancecoinBNB(BNB)$665.020.79%
  • solanaSolana(SOL)$156.34-0.65%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1949360.58%
  • tronTRON(TRX)$0.268782-0.60%
  • cardanoCardano(ADA)$0.690.91%
  • hyperliquidHyperliquid(HYPE)$35.935.95%
  • suiSui(SUI)$3.350.57%
  • chainlinkChainlink(LINK)$14.02-0.28%
  • avalanche-2Avalanche(AVAX)$21.141.42%
  • stellarStellar(XLM)$0.2709971.40%
  • bitcoin-cashBitcoin Cash(BCH)$402.89-0.41%
  • the-open-networkToncoin(TON)$3.220.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.50-1.28%
  • shiba-inuShiba Inu(SHIB)$0.0000131.55%
  • hedera-hashgraphHedera(HBAR)$0.1715681.90%
  • litecoinLitecoin(LTC)$89.531.34%
  • moneroMonero(XMR)$356.592.58%
  • polkadotPolkadot(DOT)$4.152.13%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.75-0.62%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.0000123.61%
  • piPi(PI)$0.650.51%
  • uniswapUniswap(UNI)$6.401.13%
  • aaveAave(AAVE)$255.703.22%
  • bittensorBittensor(TAO)$403.49-2.45%
  • aptosAptos(APT)$4.891.88%
  • crypto-com-chainCronos(CRO)$0.102965-2.25%
  • nearNEAR Protocol(NEAR)$2.501.87%
  • okbOKB(OKB)$49.91-0.48%
  • internet-computerInternet Computer(ICP)$5.103.10%
  • ondo-financeOndo(ONDO)$0.850.95%
  • ethereum-classicEthereum Classic(ETC)$17.492.22%
  • gatechain-tokenGateToken(GT)$19.23-0.09%
  • kaspaKaspa(KAS)$0.0893650.85%
  • mantleMantle(MNT)$0.68-0.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2185491.57%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.31-0.27%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • vechainVeChain(VET)$0.0247901.91%
  • render-tokenRender(RENDER)$3.992.06%
  • ethenaEthena(ENA)$0.3283844.47%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.782.69%
  • worldcoin-wldWorldcoin(WLD)$1.170.89%
  • filecoinFilecoin(FIL)$2.632.20%