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BTCUSD Bitcoin

98,451.54

3,755.44 (3.97%)

17:39:38 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,950,009,021,553	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	3,755.44	3.97%	98,451.54	98,451.54	98,451.55

High Price	Low Price	Open Price	Prev. Close	52 Week Range
99,000.00	93,426.25	94,666.33	94,690.42	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	17:39:38	0.000011	98,445.86	USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,438,331,550.02	14,916.66	BTC	BTCEUR	BTCGBP	ETHBTC

Bitcoin Price on Thin Ice: Could a Major Drop Be Next?

24/12/2024 2:43am

NEWSBTC

Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $95,000 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 $92,000 support zone. Bitcoin Price Revisits Support Bitcoin price failed to start another increase and extended losses below the $98,000 zone. BTC gained bearish momentum below the $96,500 and $95,500 levels. The price even spiked below $92,500. A low was formed at $92,417 and the price is now consolidating losses. There was a minor increase above the $94,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $95,000 level. The first key resistance is near the $96,000 level or the 50% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. A clear move above the $96,000 resistance might send the price higher. The next key resistance could be $96,800. A close above the $96,800 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,000 level. More Downsides In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $92,400 level. The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 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 – $92,500, followed by $91,200. Major Resistance Levels – $95,000 and $96,000.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

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