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Cryptocurrency News Articles
Bitcoin Price Technical Analysis: BTC/USD Fails to Test $100,000, Correction May Extend
Dec 04, 2024 at 01:31 pm
Bitcoin price made another attempt to gain pace above the $95,000 resistance zone. However, BTC/USD failed to settle above $98,000 and failed to test $100,000.
Bitcoin price attempted to gain pace above the $95,000 resistance zone. However, BTC/USD failed to settle above $98,000 and stalled before testing $100,000.
On the downside, immediate support is near the $92,650 level. A downside break below $90,800 might send Bitcoin toward the $88,000 support. Any more losses may open the doors for a slide toward the $85,000 support zone.
On the upside, the price could face resistance near the $96,500 level. The next key resistance is $97,200, above which a connecting bearish trend line is forming with resistance at $97,500.
The main hurdle is now near $98,000. A successful close above $98,000 may open the doors for another sustained rally. In the stated case, the price may perhaps rise toward the $100,000 milestone level.
Among altcoins, XRP, bulls pushed the price above the $2.50 and $2.70 levels before the bears took a stand near the $2.85 zone.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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