Bitcoin Price Pauses Under $100K: Bulls Eye the Milestone

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,904,310,914,259	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,904,310,914,259

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	337.52	0.35%	96,112.10	96,112.09	96,112.10

Price Change

Price Change %

Current Price

Bid Price

Offer

337.52

0.35%

96,112.10

96,112.09

96,112.10

High Price	Low Price	Open Price	Prev. Close	52 Week Range
96,317.67	95,535.83	95,862.38	95,774.58	49,050.01 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

96,317.67

95,535.83

95,862.38

95,774.58

49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	03:04:58	0.000030	96,110.35	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

03:04:58

0.000030

96,110.35

USD

Price x Volume	Volume	Base Symbol	Related Pairs
55,561,072.65	579.19	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

55,561,072.65

579.19

Bitcoin Price Pauses Under $100K: Bulls Eye the Milestone

25/11/2024 3:04am

NEWSBTC

Bitcoin price is consolidating below the $100,000 resistance. BTC bulls might soon attempt to breach the stated milestone and push the price further higher. Bitcoin started a fresh increase above the $96,500 zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $98,000 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price remained supported above the $92,500 level. BTC formed a base and started a fresh increase above the $96,000 level. It cleared the $97,500 level and traded to a new high at $99,650 before there was a pullback. There was a move below the $98,000 level. A low was formed at $95,973 and the price is now rising. There was a move above the $96,800 resistance level. The price cleared the 50% Fib retracement level of the downward move from the $99,650 swing high to the $95,973 low. Bitcoin price is now trading below $98,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $98,000 level. There is also a connecting bearish trend line forming with resistance at $98,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $99,650 swing high to the $95,973 low. The first key resistance is near the $99,000 level. A clear move above the $99,000 resistance might send the price higher. The next key resistance could be $100,000. A close above the $100,000 resistance might initiate more gains. In the stated case, the price could rise and test the $102,500 resistance level. Any more gains might send the price toward the $105,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $98,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $96,800 level. The first major support is near the $95,750 level. The next support is now near the $95,000 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 bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $96,800, followed by $95,000. Major Resistance Levels – $98,000, and $100,000.

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