Is it over? After reaching a record $108,364 on December 16, 2024, Bitcoin retreated to close at $92,000, leaving analysts divided on its future. The critical $90,000–$92,000 support range, highlighted by 10x Research, is seen as a key battleground. A breakdown below this level could trigger a broader correction, while holding it might signal stability.

Institutional interest, driven by the approval of Bitcoin ETFs, has injected over $2 billion into the market, fueling its ascent. However, trading volumes have declined by 25% in the past month, and Bitcoin’s dominance has slipped slightly from 52% to 50%, suggesting caution.

While 75% of Bitcoin holders remain in profit, the market appears to be at a crossroads. Analysts suggest that if the $90,000–$92,000 range holds, Bitcoin could consolidate and resume its upward trend. However, a breakdown below this range may mark the end of the current bull cycle, signaling a broader market correction ahead. Show Less