🚨🚨Emergency Update
#BTC 🚨🚨
MARKET UPDATE:
Due to low activity and low liquidity, it seems like Bitcoin is losing momentum as it has so far failed to breakout the uptrend line and it is now exposed to more downside risks. The most recent dip in global liquidity, which tracks money supply from almost 30 central banks worldwide, has created significant downside pressure on Bitcoin. Additionally, the December FOMC meeting brough fresh worries about stronger inflation growth in the U.S., where the Fed decided not cut interest rates as fast as previously anticipated and even revised rates for 2026 and 2027 higher. The central bank wants to wait and see the inflation growth really drops closer to their target of 2% before they become more accommodative again. Therefore, we think that waiting for more U.S. inflation data will make
$BTC to consolidate and trade sideways until after Q1 2025, similar to the period between March and September 2024, before it rallies again.
In fact, Fed’s hawkishness is the main reason for the slowdown in market momentum as Bitcoin ETF inflows, stablecoin minting and trading volumes all slowed. Binance’s spot trading volumes fell from $60B to just $11B, levels that we have seen before the U.S. Presidential elections. Traders should therefore continue to watch out for $95,000 -$100,000 range. If
$BTC crosses above $100,000, it will be bullish again. However, if
$BTC sustains below $95,000, it may fall to $90,000 - $91,000 key support levels and if these support levels fail, Bitcoin may fall back to $78,000- $80,000 levels, which is also the CME futures gap that has not been closed yet.
#btc2025 #haxnocrypto #btcupdates2024 #dyor