The price of Bitcoin has reached a milestone of $100,000, but has stalled below this resistance level. There is significant buying pressure at the current support, suggesting that if buyers hold their positions, the cryptocurrency could rise further. On the other hand, if the bears drop below the $93,000 support level, Bitcoin could fall to a low of $85,240. Currently, Bitcoin is valued at $98,200. Resistance levels for the cryptocurrency are at $80,000 and $100,000, while support levels are at $70,000 and $50,000. Overall, the market is on an uptrend and Bitcoin is trading above the 21-day SMA. This analysis is a personal opinion and not a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before investing.



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