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BTCUSD Bitcoin

99,849.57

-4,818.33 (-4.60%)

16:50:57 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,974,859,384,068	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-4,818.33	-4.60%	99,849.57	99,849.56	99,849.60

High Price	Low Price	Open Price	Prev. Close	52 Week Range
104,667.90	97,777.00	104,667.90	104,667.90	41,383.94 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:50:56	0.000224	99,858.85	USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,761,819,338.83	27,503.33	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Dips But Nears $100K: A Pullback or a Launchpad?

27/01/2025 3:27am

NEWSBTC

Bitcoin price struggled near $107,000 and corrected gains. BTC is now approaching $100,000 and might find bids in the near term. Bitcoin started a downside correction from the $107,000 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $104,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Dips Again Bitcoin price started a decent upward move above the $105,500 zone. BTC was able to climb above the $106,000 and $106,500 levels. The bulls even pushed the price above the $107,000 level. However, the bears were active above the $107,000 zone. A high was formed at $107,080 and the price is now correcting gains. There was a move below the $105,000 level. Besides, there was a break below a connecting bullish trend line with support at $104,800 on the hourly chart of the BTC/USD pair. The pair tested the $100,700 zone. A low is formed at $100,700 and the pair is now consolidating losses. Bitcoin price is now trading below $103,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,200 level or the 23.6% Fib retracement level of the downward move from the $107,080 swing high to the $100,700 low. The first key resistance is near the $104,000 level. It is close to the 50% Fib retracement level of the downward move from the $107,080 swing high to the $100,700 low. A clear move above the $104,000 resistance might send the price higher. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,200 resistance level. Any more gains might send the price toward the $107,000 level. More Losses In BTC? If Bitcoin fails to rise above the $102,200 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $88,500 zone. Any more losses might send the price toward the $86,500 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 – $100,500, followed by $100,000. Major Resistance Levels – $102,200 and $104,000.

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1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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