Bitcoin’s (CRYPTO: BTC) relatively subdued performance over the past week has traders speculating whether prices might fall below key support levels before year-end.
What Happened: Chris Burniske, a crypto industry expert and former ARK Invest analyst, remains optimistic despite Bitcoin’s 15% retracement from its highs.
He points out that quality altcoins are showing resilience, forming higher lows on key timeframes, which suggests the market structure remains healthy.
In a post on X on Saturday, Burniske noted that sentiment and funding rates reveal diminished enthusiasm among late bulls.
However, bullish Q4 developments, coupled with the current fear in the market, present what he calls …Full story available on Benzinga.com
Bitcoin Up 1% To $94,000: ‘Sweet’ Setup Going Into 2025, But Beware A Drop Below $93,000, Experts Say
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