CandleFocus Bitcoin Technical Analysis: Will $101,000 Support Hold Amid Mixed Market Signals?
2024-12-15
Author: Content Editor
The current price of bitcoin is hovering between $101,536 and $101,747, with a 24-hour high of $102,658. The trading volume is high, reaching $74.15 billion, and the market cap has hit $2 trillion. On the 1-hour chart, bitcoin's price is consolidating between $101,000 and $102,500, indicating indecision among traders. The 4-hour chart shows a recovery from a higher low of $94,249, with support near $98,000 and resistance between $102,500 and $103,000. The daily chart reflects a longer-term uptrend, with resistance at $103,000–$104,000. Oscillators give mixed signals, but moving averages suggest a bullish outlook. If resistance breaks with volume confirmation, bitcoin could rally to $107,000 or higher. However, caution is advised as trading volume at resistance is subdued and there are mixed signals from oscillators. A breakdown below $98,000 could trigger a deeper pullback towards $94,000–$95,000.
Related News
Marc Andreessen exposes Biden admin’s plan to control AI Crypto analyst claims AI-enabled wallets will be the death of ETH alignment Hybrid Unveils Integrity Nodes to Secure AI Agents and L2 Rollups DO Network Partners with UniLend Finance to Drive Web3 Innovation with AI Integration ETH, LINK, AAVE and BGB move higher as Bitcoin inches toward new all-time high Bitcoin and Ethereum Dominate as Europe’s Crypto ETP Market Surpasses $19.8B in AUM The AI pre-training age will soon come to an end — OpenAI co-founder $300 Million XRP Outflows, Buy Opportunity? $418 Million Ethereum (ETH) Moves Off Exchanges, Fueling Hopes for $4,000 Rally Veteran Trader Says Solana Ecosystem Altcoin Ready for Breakout, Predicts New All-Time Highs for Dogecoin Rival What Is Abstract? The Consumer Crypto Blockchain From the Creators of Pudgy Penguins Watch Out: 30 Altcoins Have Massive Token Unlocks in the New Week – Here’s the Day-by-Day, Hour-by-Hour List Watch Out: Very Important Week Ahead – Major Economic Developments and Altcoin Events Coming Up! Here is the Day by Day, Hour by... Can real estate and Bitcoin together bring big returns? Grant Cardone explains Bitcoin has a twisted relationship with the most powerful men on Wall Street The Big Week is Here: Here Are Analyst Opinions On The FED’s Interest Rate Decision This Week Bitcoin reclaims $103,000 – Is a new all-time high on the horizon? Ethena (ENA) Leads Market Rally Ahead of the USDtb Stablecoin Launch RLUSD stablecoin will increase demand for XRP — Axelar co-founder Ronin’s DeFi TVL Grows 149% YoY, Boosted by RON Token’s 30% Price Rise Can Wormhole sustain its momentum, hit $1? Assessing… Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100 Chainlink VRF Empowers BetSwirl on Base, Paving the Way for Transparent Gaming TRON Hits Record $587.2B USDT Transfers in November 2024 SEI/BTC Consolidates as 800 Sats Resistance Holds the Key to a Bullish Breakout Solana blueprint: Falling wedge and moving averages keep bullish hopes alive Ripple's IPO Countdown: David Schwartz Exposes Pre-IPO Stock Pitfalls Here is How Much Dogecoin You Need to Hold for Retirement if DOGE Hits $4 Ripple Takes On SEC's 'Lawless Tactics' — Top Lawyer Alderoty Reveals Bitcoin, Ethereum Price in Red Amid $252 Market Sell-Off, What Indicators Say 14 Altcoins Most Traded by South Koreans in the Last 24 Hours Revealed Solana To Climb to $235, As Critical Support Zones Challenged Popular Trader Confirms $1 Trillion XRP Market Cap Prediction Shiba Inu Whales Make 2.79 Trillion SHIB Move: What's Next for Price? Avalanche: As bearish crossover emerges, what’s next for AVAX? Chief Ripple Lawyer Meets D.O.G.E Lead — Bullish for XRP? Trump may use Bitcoin as US reserve asset on 'day one' — How high will BTC price go? Tokenization is the inevitable future of real estate | Opinion Google Searches for XRP Explode Can Helium (HNT) Overcome Resistance and Hit Fresh Peaks? Blockchain isn't ready for logins (yet) Crypto Analyst Sees 1,200% Potential in ACM Token Surge Why Ethena is pumping: Could it surge by 35%? Helium price could enter beast mode, technicals suggest Project Garuda takes flight: First phase of Indonesia’s Digital Rupiah achieved Play With Doge: 7 Games That Feature the Dogecoin Meme Pup New Mysterious Tweet from Michael Saylor – What Did He Mean? CME Records All-Time High Ethereum Shorts Driven by Hedge Funds Analyst Confirms Next ATH For Solana Price Bitcoin Technical Analysis: Bulls Charge Toward New All-Time High What’s on Asian investors’ minds heading into 2025? – Dollar, crypto, and Donald Trump 'We are in a 2-5 year shot clock’ to crack Bitcoin, warns billionaire C. Palihapitiya Rabbit LaunchPad Partners with BG Chain to Boost Decentralized Gaming and DeFi 48% Drop in Cardano (ADA) Holding Time Sparks 11% Price Decline The current state of the GameFi industry: 9 out of 10 projects are abandoned Avalanche Recovers And Rises Above $50 Again Is Ethena (ENA) Price Surge Signaling a Bullish Breakout? Security Company Warns All Cryptocurrency Users: Make Sure You Do This To Prevent Your Assets From Being Stolen SHIB Price Prediction for December 15 Ether and Solana Grow in Brazilian Markets Bitcoin Price Breaks New ALL-Time-High In Coming Week MultiversX (EGLD) Poised for a Bullish Wave After Falling Wedge Breakout MetaMask Card Now Available in Brazil, Mexico, and Colombia Analytics Firm Sounds Correction Alert on an Altcoin Rewardable Launches A New Staking Product to Stake and Earn $REWARD CORE Poised for 600% Surge in 2025 Amid Bullish Breakout Onchain Data Shows Whale, Who Once Had $240 Million in Assets, Bought This Altcoin Bitcoin (BTC) Price Prediction for December 15 Here’s What Could Trigger Christmas Rally for Altcoins, According to Glassnode Co-Founders CZ casually brags about helping Elon buy Twitter – “Happy to have contributed to the cause” How Tron can rebound successfully after 36% drop in 2 weeks Base helps NFT minting reach $1.5B ATH – Are 2021 highs close? Ethereum liquid restaking TVL surges from $284M to $17B in 2024 Arbitrum’s liquidity surge – Start of a recovery or false signal? JASMY’s Bullish Breakout: Is $0.08 the Gateway to $1? Filecoin’s 2025 roadmap – How soon before FIL’s price hits $30? Bitcoin Stopped at $103K but These Altcoins Post Substantial Losses (Weekend Watch) Solana(SOL) May Struggle to Stay Above $200 as Bears Tighten Grip Venture Funding Surges in Crypto Sector With Over $1 Billion Raised After Trump’s Election Swift Trading Nets $448K Profit on Binance Listing Announcement Bitcoin blitz: Odell Beckham Jr. and 6 other NFL stars betting big on blockchain Dogecoin (DOGE) Price Prediction for December 15 Viction and Dune Partnership Drives On-Chain Data Collaboration Why Chainlink Price Jumps 10%, Will LINK Hit $50? ONDO Exchange Inflows Grow – Volatility Ahead? MetaSoccer Partners with Atleta Network: Passion for Football Meets Blockchain & Web3 Tech Floki BAD AI Agent Protocol Gains Support for Launch PEPE – Analyzing the price impact of a $52M whale dump Traders, ApeCoin’s Bull Flag pattern is likely to play out THIS way! Sudden 306% Cardano (ADA) Rally ‘Woke a Lot of People Up’: Dan Gambardello Why is Bitcoin superior to gold in every way? Saifedean Ammous explains Neo X Gains Crypto Cross-Chain Accessibility with Meson Finance Integration BREAKING: Trump’s Cryptocurrency Project Allegedly Bought This Binance-Listed Altcoin! Price Pumped Famous Billionaire Makes a Statement About the Future of Bitcoin (BTC) Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle LogX Partners with Mint Blockchain to Enhance DeFi Trading Experience XRP Market Update: Support at $2.38 Holds Firm as Resistance Looms at $2.50 The key challenges for institutional DeFi adoption Prison Time Looms for Bitcoin Trader—Justice or Crypto Clampdown? A Beginner's Guide to Bitcoin Address Evolution Ethereum Technical Analysis: Is $4,000 Within Reach or a Mirage? South African Regulator Grants 248 Crypto Licenses, Rejects 9 Applications Vanar Partners with Ringfence Foundation to Revolutionize AI and Data Ownership Toncoin Consolidates: Could A Breakout Push TON Higher? XRP Price Prediction – XRP might drop below $2 after recent Flash Crash Bitcoin Technical Analysis: Will $101,000 Support Hold Amid Mixed Market Signals? XRP Price Prediction For December 15 The Bitcoin-Altcoin relationship: A reversion of altcoin dynamics Bitcoin Investors Form Key Support Zone Critical To Bullish Run – Details Altcoin Whales Accumulate $VIRTUAL as New Wallets Redeem Millions from Coinbase 5ireChain Collaborates with Umbrella Network to Bring Oracle to its DeFi Ecosystem Bitcoin shrimp wallet numbers may spike 9% in the 'near future' — Analyst Helium (HNT) Poised for 20% Rally, Can Bulls Break $9.85? Dogeson, Shiro Neko and Orbit among Saturday’s largest gainers Whale Spends $6.7M on $BEAM Amid Aggressive Crypto Accumulation Bitcoin ‘demand shocks’ looming, Ripple stablecoin, and more: Hodler’s Digest, Dec. 8 – 14