Paul Howard, a senior director at trading firm Wincent, said in a note that despite the pullback, Bitcoin is still above the support level formed earlier this week around $85,000, indicating that the market may be entering a consolidation phase as liquidity thins at the end of the year, Bitcoin may continue to fall below $95,000 before the end of the year, and counterfeit products may benefit from it.
"In the absence of major macroeconomic news, BTC is expected to continue to move between $85,000 and $95,000 for the rest of the month, with the possibility of some excess returns from counterfeit products, which typically perform well in a low-liquidity, high-volatility environment," Howard said.
Analysts: Bitcoin may continue to fall below $95,000 before the end of the year, and counterfeit products may benefit from it
2025-12-04 21:54:56
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