CandleFocus Bitcoin Price Approaches $100K: The Countdown Is On
2024-11-22
Author: Content Editor
The price of Bitcoin is steadily rising above the $95,000 mark and shows positive signs of reaching the milestone of $100,000. Bitcoin formed a base above $92,000 and experienced a surge above $95,000, reaching a new high of $98,999 before a slight pullback. Despite this pullback, the price remained stable above key support levels and is currently trading above $96,000 and the 100 hourly Simple Moving Average. The next major resistance levels are at $99,000 and $100,000, and a close above the $100,000 mark could lead to further gains. On the downside, immediate support is at $98,000, with major support levels at $96,800 and $95,500. Technical indicators, such as the MACD and RSI, suggest a bullish trend for Bitcoin.
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