Bitcoin's recent price dip has sparked discussions about its potential rally toward $150,000 by the end of December. Analysts noted that Bitcoin tested key support levels at $90,000 and $92,000, with significant buying activity from large wallets and ETFs such as IBIT and FBTC maintaining strong positions. The technical structure of Bitcoin remains robust, and a breakout above $98,000 could enhance upward momentum.
Market sentiment is stabilizing, with the Fear and Greed Index trending neutral and long-term holders increasing their positions. Despite retail investor hesitation, institutional allocation continues, suggesting a potential macro-driven shift or technical breakout could trigger a synchronized buying phase. Additionally, speculative interest in projects like Bitcoin Hyper is rising, as evidenced by increased presale activity.
Bitcoin Eyes $150k as Analysts Highlight Strong Support and Institutional Interest
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