CandleFocus Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum
2024-12-26
Author: Content Editor
Bitcoin's price has experienced a decent increase, surpassing multiple resistance levels at $95,000, $96,500, $97,000, and $98,000. The cryptocurrency reached a high of $99,400 and is currently consolidating its gains. It is trading above $96,500 and the 100 hourly Simple moving average, with immediate resistance at $99,200 and a major resistance at $99,500. If Bitcoin breaks above $100,000, it could continue to rise and test resistance levels at $102,200 and $103,500. However, if it fails to overcome the $100,000 resistance zone, it may move downwards, with support levels at $98,200, $96,000, and $95,000. Technical indicators, such as the MACD and RSI, suggest a bullish trend.
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