The price of Bitcoin (BTC) has fallen as it approaches the 21-day SMA support. Despite reaching a high of $104,000, selling pressure at this price point is indicated by a long candlestick wick on December 5. Currently, Bitcoin is trading above the 21-day SMA at $97,000 but below resistance at $100,000. If the bears break below the 21-day SMA support, Bitcoin could fall further and seek support above the $90,000 level. The cryptocurrency is expected to fluctuate between $90,000 and $100,000 in the near term. Technical indicators suggest that Bitcoin is trading within a range and may remain in a sideways trend for a few more days. The analysis and forecast provided in the article are the personal opinions of the author and not a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before investing.



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