/BlockBoost/ – In the past week, Bitcoin led the general market into the dip, plummeting as low as just above $95k. Bitcoin has risen by about 120% in 2024; indicating general market belief in the coin. Analysts predict that Bitcoin could go as high as $118K. Bitcoin recently hit past the $104K prediction and investors may be keenly watching out for a price rally.
Meanwhile, BlockBoost ($BBT) is fast gaining popularity with its innovative platform that promises to place new cryptos with high potential in one place. Investors get set up for continuous massive returns. The coin $BBT will rise by over 5000% when it gets listed.
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Bitcoin (BTC) continues to showcase significant volatility, captivating market attention with its fluctuating figures. As of press time, BTC trades at $95,293, reflecting a 1.85% decline from the previous day and an 8.30% drop over the past week. On the hourly chart, Bitcoin’s price approaches the local resistance level of $97,248. Analysts predict a potential breakout could propel the price toward the $98,000 mark in the short term. However, on a broader time frame, the rate remains distant from critical thresholds, reducing the likelihood of sudden shifts. A crucial midterm metric to observe is the $97,092 level, as the weekly bar closure near or far from this point could signal upcoming market movements. If BTC holds steady or closes higher, traders might see a rebound toward the $100,000 zone by month’s end. Despite recent declines, Bitcoin continues to assert its dominance with precise movements shaping market sentiment. Some analysts are optimistic it could reach $118k.
Bitcoin has been attracting attention this December, managing more than one ATH. Simultaneously, it has seen price dips of more than 10% showing its very high volatility. However, analysts are optimistic about it maintaining the uptrend. Meanwhile, BlockBoost’s ongoing presale is a success, suggesting the growing demand for innovative blockchain solutions.
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