Bitcoin Price Powers Ahead: Rally Shows No Signs of Slowing

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,122,440,870,637	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,122,440,870,637

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1,258.58	1.19%	107,341.99	107,341.99	107,342.00

Price Change

Price Change %

Current Price

Bid Price

Offer

1,258.58

1.19%

107,341.99

107,342.00

High Price	Low Price	Open Price	Prev. Close	52 Week Range
107,505.99	105,699.99	106,007.96	106,083.41	38,501.00 - 107,857.79

High Price

Low Price

Open Price

Prev. Close

52 Week Range

107,505.99

105,699.99

106,007.96

106,083.41

38,501.00 - 107,857.79

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:48:37	0.010247	107,352.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:48:37

0.010247

107,352.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
406,802,634.93	3,817.93	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

406,802,634.93

3,817.93

Bitcoin Price Powers Ahead: Rally Shows No Signs of Slowing

17/12/2024 2:43am

NEWSBTC

Bitcoin price started another increase above the $105,000 resistance zone. BTC is gaining pace and it traded to a new all-time high above $107,000. Bitcoin started a fresh surge above the $105,000 zone. The price is trading above $104,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $105,000 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 $103,500 support zone. Bitcoin Price Extends Rally Bitcoin price formed a base and started a fresh increase above the $102,000 zone. There was a move above the $103,200 and $104,500 levels. The price even cleared the $105,000 level. A new all-time high was formed at $107,777 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent rally from the $99,251 swing low to the $107,777 high. Bitcoin price is now trading above $104,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $105,000 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $107,200 level. The first key resistance is near the $107,750 level. A clear move above the $107,750 resistance might send the price higher. The next key resistance could be $108,000. A close above the $108,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $115,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $107,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $105,000 level or the trend line. The first major support is near the $103,000 level or the 50% Fib retracement level of the recent rally from the $99,251 swing low to the $107,777 high. The next support is now near the $102,000 zone. Any more losses might send the price toward the $100,000 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 – $105,000, followed by $103,000. Major Resistance Levels – $107,500, and $112,000.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

BTCUSD Bitcoin