CandleFocus Bitcoin Price Slips Below $95K: Is The Rally Losing Steam?
2024-11-26
Author: Content Editor
The Bitcoin price is currently correcting its gains and trading below $95,000, facing hurdles near the $95,750 resistance level. It struggled to extend gains above $98,800 and $99,000, resulting in a downside correction. However, it is now rising after forming a low at $92,550 and breaking above the $93,800 resistance level. If it can surpass the $95,750 resistance, it might experience more gains toward the $100,000 level. On the other hand, failing to rise above the resistance could lead to another downside correction, with support levels at $93,800, $92,500, and $90,000. The technical indicators are suggesting a bullish trend, with the MACD gaining pace in the bullish zone and the RSI below the 50 level.
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