Bitcoin Analysis
Bitcoin continues to consolidate near key resistance levels as we enter the new year.
Price Levels
- Current Price: $67,234
- Resistance: $70,000 | $72,500
- Support: $65,000 | $62,000
Market Sentiment
The fear and greed index sits at 65 (Greed), indicating cautious optimism among traders.
On-Chain Metrics
- Exchange reserves continue to decline
- Long-term holder accumulation remains strong
- Network activity showing healthy growth
Outlook
The $70K level remains crucial for the next leg up. A sustained break above could target $75K.