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{"id":667395,"date":"2024-12-27T02:38:16","date_gmt":"2024-12-27T02:38:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=667395"},"modified":"2024-12-27T02:38:16","modified_gmt":"2024-12-27T02:38:16","slug":"bitcoin-price-another-hit-95k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-another-hit-95k\/","title":{"rendered":"Bitcoin Price Takes Another Hit: Bears Tighten Their Grip"},"content":{"rendered":"

Bitcoin price failed to surpass $100,000 and corrected gains. BTC is back below $96,500 and might revisit the $93,200 support zone.<\/em><\/p>\n

\n
Bitcoin started a fresh decline from the $99,400 zone.<\/li>\n
The price is trading below $96,500 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase if it stays above the $95,000 support zone.<\/li>\n<\/ul>\n
Bitcoin Price Dips Again<\/h2>\n
Bitcoin price started a decent upward move above the $96,500 resistance zone<\/a>. BTC was able to climb above the $97,500 and $98,000 resistance levels.<\/p>\n
The pair cleared the $99,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price recently started a fresh decline. There was a move below the $96,500 support. The price dipped below the 50% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high.<\/p>\n
Besides, there was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average<\/a>.<\/p>\n
The price is now holding the $95,000 zone and the 61.8% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. On the upside, immediate resistance is near the $96,400 level. The first key resistance is near the $97,750 level.<\/p>\n
$\"Bitcoin$ <\/a>
Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $97,750 resistance might send the price higher. The next key resistance could be $99,000. A close above the $99,000 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $102,000 level.<\/p>\n
More Losses In BTC?<\/h2>\n
If Bitcoin fails to rise above the $96,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $95,200 level.<\/p>\n
The first major support is near the $95,000 level. The next support is now near the $93,800 zone. Any more losses might send the price toward the $92,500 support in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $95,000, followed by $93,800.<\/p>\n
Major Resistance Levels \u2013 $96,500 and $97,750.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price failed to surpass $100,000 and corrected gains. BTC is back below $96,500 and might revisit the $93,200 support zone. Bitcoin started a fresh decline from the $99,400 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 support zone. Bitcoin Price Dips Again Bitcoin price started a decent upward move above the $96,500 resistance zone. BTC was able to climb above the $97,500 and $98,000 resistance levels. The pair cleared the $99,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price recently started a fresh decline. There was a move below the $96,500 support. The price dipped below the 50% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. Besides, there was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC\/USD pair. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average. The price is now holding the $95,000 zone and the 61.8% Fib retracement level of the upward wave from the $92,415 swing low to the $99,400 high. On the upside, immediate resistance is near the $96,400 level. The first key resistance is near the $97,750 level. A clear move above the $97,750 resistance might send the price higher. The next key resistance could be $99,000. A close above the $99,000 resistance might send the price further higher. In the stated case, the price could rise and test the $100,000 resistance level. Any more gains might send the price toward the $102,000 level. More Losses In BTC? If Bitcoin fails to rise above the $96,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $95,200 level. The first major support is near the $95,000 level. The next support is now near the $93,800 zone. Any more losses might send the price toward the $92,500 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 $95,000, followed by $93,800. Major Resistance Levels \u2013 $96,500 and $97,750.<\/p>\n","protected":false},"author":67,"featured_media":667397,"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-667395","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":"\nBitcoin Price Takes Another Hit: Bears Tighten Their Grip<\/title>\n<meta name=\"description\" content=\"Bitcoin price failed to surpass $100,000 and corrected gains. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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