The cryptocurrency market has sharply turned negative. Reports indicate Bitcoin has lost 1.91% of its value over the past 24 hours.
Current BTC/USD Scenario
Currently, Bitcoin is priced at $94,544. According to [CoinStats](https://u.today/ethereum-eth-price-prediction-for-december-27), the price has decreased by 1.91% over the last 24 hours.
Short-term Forecasts
On the hourly chart, Bitcoin is attempting to break the local resistance at $94,623. If successful, the rise may continue to the $95,000 zone by the end of the week. However, if the interim area of $94,000 is lost, a test of the nearest support at $92,092 is possible.
Mid-term Bitcoin Price Dynamics
The broader timeframe presents a less positive picture. Without reversal signals, ongoing decline is still a possibility. Breaking the $92,000 level may lead to testing the range down to $90,000.
Bitcoin remains in an uncertain zone with continuous decline. Investors and traders should consider the potential for further price fluctuations.
