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BTCUSD Bitcoin

92,671.13

-415.48 (-0.45%)

08:28:09 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,842,645,052,757	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-415.48	-0.45%	92,671.13	92,671.13	92,671.14

High Price	Low Price	Open Price	Prev. Close	52 Week Range
95,004.92	92,400.00	92,862.05	93,085.56	36,715.10 - 99,860.00

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	08:28:10	0.010570	92,598.34	USD

Price x Volume	Volume	Base Symbol	Related Pairs
546,201,501.56	5,805.61	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Slips Below $95K: Is The Rally Losing Steam?

26/11/2024 2:37am

NEWSBTC

Bitcoin price is correcting gains below the $96,500 resistance. BTC is now trading below $95,000 and might face hurdles near the $95,750 resistance. Bitcoin started a downside correction from the $98,880 zone. The price is trading below $96,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,750 resistance zone. Bitcoin Price Corrects Gains Bitcoin price struggled to extend gains above the $98,800 and $99,000 levels. BTC started a downside correction below the $97,000 and $96,000 levels. It even dipped below $95,000. A low was formed at $92,550 and the price is now rising. There was a move above the $93,800 resistance level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low. Besides, there was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $96,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $95,200 level. The first key resistance is near the $95,750 level. It is close to the 50% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low. A clear move above the $95,750 resistance might send the price higher. The next key resistance could be $97,350. A close above the $97,350 resistance might initiate more gains. In the stated case, the price could rise and test the $98,880 resistance level. Any more gains might send the price toward the $100,000 level. Another Dip In BTC? If Bitcoin fails to rise above the $95,750 resistance zone, it could start another downside correction. Immediate support on the downside is near the $93,800 level. The first major support is near the $92,500 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,000 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 below the 50 level. Major Support Levels – $93,800, followed by $92,500. Major Resistance Levels – $95,750, and $97,350.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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