{"id":662031,"date":"2024-12-13T02:41:17","date_gmt":"2024-12-13T02:41:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=662031"},"modified":"2024-12-13T02:41:17","modified_gmt":"2024-12-13T02:41:17","slug":"bitcoin-price-struggles-100k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-struggles-100k\/","title":{"rendered":"Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?"},"content":{"rendered":"<p><em>Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction from the $102,000 zone.<\/li>\n<li>The price is trading above $98,000 and the 100 hourly Simple moving average.<\/li>\n<li>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).<\/li>\n<li>The pair could start a fresh increase if it stays above the $97,500 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price formed a base and started a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-reclaims-100k\/\" target=\"_blank\" rel=\"noopener \">fresh increase<\/a> above the $98,800 zone. There was a move above the $99,200 and $99,500 levels.<\/p>\n<p>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.<\/p>\n<p>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 <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-holds-support-94250\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>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.<\/p>\n<figure id=\"attachment_662032\" aria-describedby=\"caption-attachment-662032\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-662032\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?resize=1024%2C478\" alt=\"Bitcoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_ed25cc.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-662032\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>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.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $98,400, followed by $97,500.<\/p>\n<p>Major Resistance Levels \u2013 $102,000, and $104,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $98,400, followed by $97,500. Major Resistance Levels \u2013 $102,000, and $104,000.<\/p>\n","protected":false},"author":67,"featured_media":652662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-662031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?<\/title>\n<meta name=\"description\" content=\"Bitcoin price struggled to clear the $102,000 resistance zone. 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