CandleFocus Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?
2024-12-13
Author: Content Editor
Bitcoin price is struggling to break through the $102,000 resistance level and is currently correcting lower. The price might test the $97,500 support zone. There was a break below a bullish trend line, indicating a potential move down. On the upside, the price could face resistance near $100,500 and $101,500. If the price fails to rise above $102,000, it could continue to move lower with immediate support at $98,400 and $97,500. Technical indicators suggest a bearish momentum with the MACD in the bearish zone and the RSI below 50.
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