CandleFocus Bitcoin Maintains Its Rise And Returns To A High Of $100,000
2024-12-14
Author: Content Editor
Bitcoin (BTC) price has fallen below the 21-day Simple Moving Average (SMA) support, indicating a potential stall in the uptrend. The price had previously reached highs of $115,000 and $125,000, but failed to maintain above the $100,000 psychological level. If the bears break the 21-day SMA support, Bitcoin could drop to a low of $90,000. However, as long as the price remains above the 21-day SMA, Bitcoin is expected to trade above this support level and potentially continue the uptrend. The resistance levels are at $80,000 and $100,000, while the support levels are at $70,000 and $50,000. On the 4-hour chart, Bitcoin is currently in a sideways trend, bouncing between the $96,000 support and $102,000 resistance levels.
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