Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming?

Quick Summary:

As the BTC’s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year’s Day price bounce.‘All Is Well’ For BTC’s Rally Martinez suggested that "a sustained close above $94,700 could lead to a rebound to $97,500.” As the analyst previously pointed out, this level is one of BTC’s most significant support zones, and reclaiming it is key for the cryptocurrency’s short-term rally.

Related Reading: Altcoins To Explode In Early 2025: Analyst Says "Grand Finale” Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown.

As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Crypto bull run Bitcoin price Crypto market correction Btc Crypto market Crypto analyst Bitcoin Bitcoin correction BTCUSDT Bitcoin rally Bitcoin Crypto trader

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 03:00:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24800045

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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