btc weekly news

After a swift upward trend, Bitcoin has temporarily halted, entering a phase of fluctuation within a new price range. Amid the formation of fresh levels, a smaller triangle has emerged, offering ample preparation for the impending trend.

The cryptocurrency landscape experienced dynamic shifts this month, with Bitcoin (BTC) reaching its peak for the year at $44,408.67, marking a substantial 15.43% increase in the past week. The market has officially entered an "Extreme Greed" phase, potentially paving the way for a remarkable surge. Bitcoin's consistent growth throughout the year has not only influenced altcoins but has also strengthened its dominance across the market. Bitcoin now stands at a crucial juncture, with divergent opinions on whether the upward momentum will persist or if a correction is imminent. Both scenarios are plausible, but the prevailing "extreme greed" sentiment suggests that traders might join the market in a Fear of Missing Out (FOMO) scenario, should Bitcoin continue its impressive rallies. While predicting Bitcoin's year-end price is challenging, the anticipation is that it will grow as the early January approval window approaches, influencing price dynamics.