CandleFocus BTC Struggles at $99K: Will Bitcoin Break Through This Week?
2024-11-25
Author: Content Editor
Bitcoin has been on a strong rally, nearing the $100K mark, but is currently struggling at the $99K level. Technical indicators suggest a mixed narrative, with some signs of a possible pullback. Analysts are divided on whether this is just a pause before a breakout or the start of a deeper correction. Targets for Bitcoin are now set as high as $111K, but it needs to break through the $100K barrier decisively. On-chain data reveals critical price zones that could influence Bitcoin's performance, with strong support below $95K but resistance above $99K. Traders are eagerly watching to see if Bitcoin can sustain momentum and make a decisive move.
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