The Bitcoin price has surpassed $100,000 and is currently trading above the 21-day SMA. It reached a high of $107,000 and if the positive trend continues, it is expected to reach $115,000 and possibly $125,000. However, if the cryptocurrency value falls and breaks the 21-day SMA support, the bullish scenario will be nullified. The 50-day and 21-day SMAs are still moving in a positive direction, indicating a potential rise in Bitcoin's price. The resistance levels are at $80,000 and $100,000, while the support levels are at $70,000 and $50,000. The 4-hour chart shows Bitcoin breaking through the $104,000 barrier and reaching a new barrier at $108,000. This analysis is based on the personal opinion of the author and readers are advised to do their own research before investing.
- Content Editor ( coinidol.com )
- 2024-12-17
Bitcoin Continues Its Rise Above The $104,000 Mark