CandleFocus Bitcoin Price Breaks $100K: Bulls Set Their Sights Higher
2025-01-07
Author: Content Editor
Bitcoin price is experiencing a recovery and is currently trading above the $100,000 level. It has cleared several resistance levels, including $102,000, and formed a high at $102,479. The price is consolidating above the 23.6% Fib retracement level and there is a bullish trend line forming with support at $99,800. Immediate resistance is at $102,500, followed by $103,200, and further upward movement could lead to $104,500 and $105,000. However, if the price fails to break the resistance zone, it could start a decline with support levels at $101,250, $100,000, and $98,550. Technical indicators are showing positive signs, with the MACD gaining pace in the bullish zone and the RSI above 50.
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