{"id":656644,"date":"2024-12-04T02:36:46","date_gmt":"2024-12-04T02:36:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656644"},"modified":"2024-12-04T02:36:46","modified_gmt":"2024-12-04T02:36:46","slug":"bitcoin-price-95k-plateau","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-95k-plateau\/","title":{"rendered":"Bitcoin Price $95K Plateau: What\u2019s Next for Crypto?"},"content":{"rendered":"<p><em>Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term.<\/em><\/p>\n<ul>\n<li>Bitcoin is holding gains above the $93,500 zone.<\/li>\n<li>The price is trading below $96,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it clears the $96,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price attempted to clear the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-hovers-100k\/\" target=\"_blank\" rel=\"noopener \">$96,500 resistance zone<\/a>. However, the bears remained in action and BTC corrected lower. There was a move below the $94,500 support zone.<\/p>\n<p>The price even spiked below $94,000. A low was formed at $93,565 and the price is now attempting a fresh increase. There was a decent move above the $95,000 level. The price climbed above the 50% Fib retracement level of the downward move from the $97,395 swing high to the $93,565 low.<\/p>\n<p>There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,500 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-brink-100k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>.<\/p>\n<p>On the upside, the price could face resistance near the $96,500 level. It is close to the 76.4% Fib retracement level of the downward move from the $97,395 swing high to the $93,565 low. The first key resistance is near the $96,800 level. A clear move above the $96,800 resistance might send the price higher.<\/p>\n<figure id=\"attachment_656645\" aria-describedby=\"caption-attachment-656645\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-656645\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?resize=1024%2C478\" alt=\"Bitcoin Price \" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin_783770.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-656645\" 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>The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $99,000 resistance level. Any more gains might send the price toward the $100,000 level.<\/p>\n<h2>Another Drop In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $96,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $95,500 level.<\/p>\n<p>The first major support is near the $95,000 level. The next support is now near the $93,500 zone. Any more losses might send the price toward the $92,000 support in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish 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 $95,500, followed by $93,500.<\/p>\n<p>Major Resistance Levels \u2013 $96,500, and $98,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term. Bitcoin is holding gains above the $93,500 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $96,500 resistance zone. Bitcoin Price Faces Resistance Bitcoin price attempted to clear the $96,500 resistance zone. However, the bears remained in action and BTC corrected lower. There was a move below the $94,500 support zone. The price even spiked below $94,000. A low was formed at $93,565 and the price is now attempting a fresh increase. There was a decent move above the $95,000 level. The price climbed above the 50% Fib retracement level of the downward move from the $97,395 swing high to the $93,565 low. There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $96,500 level. It is close to the 76.4% Fib retracement level of the downward move from the $97,395 swing high to the $93,565 low. The first key resistance is near the $96,800 level. A clear move above the $96,800 resistance might send the price higher. The next key resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $99,000 resistance level. Any more gains might send the price toward the $100,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $96,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level. The next support is now near the $93,500 zone. Any more losses might send the price toward the $92,000 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $95,500, followed by $93,500. Major Resistance Levels \u2013 $96,500, and $98,000.<\/p>\n","protected":false},"author":67,"featured_media":656646,"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-656644","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 $95K Plateau: What\u2019s Next for Crypto?<\/title>\n<meta name=\"description\" content=\"Bitcoin prices consolidate near the $95,000 level. 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