Bitcoin struggles near $104,700: Bitcoin is showing signs of struggle as it faces resistance near $104,700. Analysts suggest a potential price retracement to the crucial support level of $99,647. This challenge could trigger significant market shifts, prompting traders to watch Bitcoin’s movements closely during December.
Diversify into altcoins: Traders are advised to consider altcoins as Bitcoin navigates a potentially volatile December. Kingpin Crypto highlights opportunities in alternative cryptocurrencies, suggesting they could be promising as the market structure shows signs of choppiness. A possible break past $104,700 might lead Bitcoin to new highs.