Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,896,709,234,893	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,896,709,234,893

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	235.56	0.25%	95,921.41	95,923.55	95,923.57

Price Change

Price Change %

Current Price

Bid Price

Offer

235.56

0.25%

95,921.41

95,923.55

95,923.57

High Price	Low Price	Open Price	Prev. Close	52 Week Range
96,496.57	94,555.94	95,696.20	95,685.64	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

96,496.57

94,555.94

95,696.20

95,685.64

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:44:33	0.000115	95,923.56	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:44:33

0.000115

95,923.56

USD

Price x Volume	Volume	Base Symbol	Related Pairs
428,666,884.79	4,481.93	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

428,666,884.79

4,481.93

Bitcoin Price Targets Key Breakout: Bulls Eye Upside Momentum

26/12/2024 2:50am

NEWSBTC

Bitcoin price started a decent increase above the $96,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 support zone. Bitcoin Price Could Regain Momentum Bitcoin price started a decent upward move above the $95,000 resistance zone. BTC was able to climb above the $96,500 and $97,000 resistance levels. The pair cleared the $98,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price is now consolidating gains. There was a test of the 23.6% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. Bitcoin price is now trading above $96,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $99,200 level. The first key resistance is near the $99,500 level or the recent high. A clear move above the $99,500 resistance might send the price higher. The next key resistance could be $100,000. A close above the $100,000 resistance might send the price further higher. In the stated case, the price could rise and test the $102,200 resistance level. Any more gains might send the price toward the $103,500 level. Another Decline In BTC? If Bitcoin fails to rise above the $100,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $98,200 level and the trend line. The first major support is near the $96,000 level or the 50% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. The next support is now near the $95,000 zone. Any more losses might send the price toward the $93,200 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 – $97,000, followed by $96,000. Major Resistance Levels – $99,000 and $100,000.

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