CandleFocus Bitcoin Decline Continues: Are Bulls Losing Control?
2024-12-20
Author: Content Editor
The price of Bitcoin has fallen below the $100,000 mark and is struggling to find support. It is currently trading below $102,000 and the 100 hourly Simple Moving Average. The price could face resistance near $98,500, and if it fails to rise above this level, it may continue to move down. The immediate support on the downside is near $96,200, followed by the major support levels at $95,500 and $93,200. The technical indicators suggest that the market sentiment is bearish. However, if the price manages to rise above the $100,000 resistance, it could see further gains toward the $103,400 and $105,000 levels.
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