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BTCUSD Bitcoin

100,411.97

351.23 (0.35%)

10:50:02 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,982,410,259,639	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	351.23	0.35%	100,411.97	100,411.96	100,412.21

High Price	Low Price	Open Price	Prev. Close	52 Week Range
100,424.58	99,220.81	100,036.00	100,060.74	38,501.00 - 104,000.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:50:02	0.000089	100,411.97	USD

Price x Volume	Volume	Base Symbol	Related Pairs
298,445,582.62	2,986.42	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

13/12/2024 2:41am

NEWSBTC

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $101,000 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 $97,500 support zone. Bitcoin Price Dips Again Bitcoin price formed a base and started a fresh increase above the $98,800 zone. There was a move above the $99,200 and $99,500 levels. The price even cleared the $100,000 level, but the bears were active near the $102,000 zone. A high was formed at $102,500 and the price is now consolidating gains. It is slowly moving lower below the 23.6% Fib retracement level of the recent wave from the $94,315 swing low to the $102,500 high. There was a break below a connecting bullish trend line with support at $101,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $98,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $100,500 level. The first key resistance is near the $101,500 level. A clear move above the $101,500 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 $104,000 resistance level. Any more gains might send the price toward the $105,000 level. More Losses In BTC? If Bitcoin fails to rise above the $102,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $98,400 level or the 50% Fib retracement level of the recent wave from the $94,315 swing low to the $102,500 high. The first major support is near the $97,500 level. The next support is now near the $96,250 zone. Any more losses might send the price toward the $95,000 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 – $98,400, followed by $97,500. Major Resistance Levels – $102,000, and $104,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

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1 Month Bitcoin Chart

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