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BTCUSD Bitcoin

97,332.51

-128.68 (-0.13%)

16:20:58 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,925,302,526,647	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-128.68	-0.13%	97,332.51	97,332.51	97,332.52

High Price	Low Price	Open Price	Prev. Close	52 Week Range
98,132.47	92,115.66	97,491.91	97,461.19	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:20:58	0.000136	97,321.31	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,677,791,396.02	17,573.74	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Decline Continues: Are Bulls Losing Control?

20/12/2024 2:48am

NEWSBTC

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone. The price is trading below $102,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $95,500 support zone. Bitcoin Price Dips Further Bitcoin price failed to start another increase and extended losses below the $102,000 zone. BTC gained bearish momentum below the $100,000 and $98,000 levels. The price even spiked below $96,500. A low was formed at $95,586 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance at $98,500 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $102,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $98,500 level. It is close to the 23.6% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low. The first key resistance is near the $100,000 level. A clear move above the $100,000 resistance might send the price higher. The next key resistance could be $102,000. A close above the $102,000 resistance might send the price further higher. In the stated case, the price could rise and test the $103,400 resistance level or the 61.8% Fib retracement level of the downward move from the $108,295 swing high to the $95,586 low. Any more gains might send the price toward the $105,000 level. More Downsides In BTC? If Bitcoin fails to rise above the $98,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $96,200 level. The first major support is near the $95,500 level. The next support is now near the $93,200 zone. Any more losses might send the price toward the $92,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $95,500, followed by $93,200. Major Resistance Levels – $98,500 and $100,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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