CandleFocus Bitcoin Price New ATH: Is This Just The Beginning?
2024-12-16
Author: Content Editor
Bitcoin price has surged above the $100,000 resistance zone, reaching a new all-time high of over $106,400. The price is currently consolidating gains and trading above the $102,000 level and the 100 hourly Simple Moving Average. There is a bullish trend line forming with support at $103,400, and if the price continues to rise, it could face resistance at $105,500 and $106,500. Further gains could push the price towards the $110,000 and $112,000 levels. On the downside, immediate support is near $103,500, with major support levels at $102,000 and $100,250. Technical indicators suggest a bullish momentum with the MACD in the bullish zone and the RSI above 50.
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