The crypto market is moving sideways as the Christmas holidays bring a cooling period. This price action has been tough for Bitcoin as it struggles to rise above $100,000 after falling from all-time highs last week.
According to TradingView data, Bitcoin is currently trading at around $96,800 and is once again approaching $100,000 after being rejected twice in the past week. This psychological price level has now become resistance as BTC recovers from the plunge that occurred after it hit an all-time high of $108,364 on December 17th.
Earlier this month, the $100,000 mark played a key support since BTC price broke through this level for the first time. If Bitcoin manages to break through this price over the weekend, it is likely that the next increase will be closer to a new all-time high.
Bitcoin price prediction for 2025
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