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Bitcoin Price Pulls Back Again: Key Support Levels to Watch Newsbtc hace 1 semana

Bitcoin Price Pulls Back Again: Key Support Levels to Watch 📉

Bitcoin price has started another decline from the $102,500 zone, trimming recent gains and finding difficulty sustaining above the $96,500 support zone. It has fallen below the $100,000 mark and is trading under the 100 hourly Simple moving average. A new bearish trend line is emerging with resistance at $99,000 on the hourly BTC/USD chart.

The price dipped below key levels including $98,500 and $97,500, testing the $96,500 support zone and consolidating around current levels. Immediate resistance is near $98,000, with critical resistance at $99,000 and $100,000. A breach could see price further ascending towards $102,500, and potentially $103,500.

If Bitcoin cannot rise above the $99,000 resistance, a fresh decline is possible with immediate support at $96,500 and major support at $95,500. Further losses may push it towards $93,750. Indicators such as the MACD are losing momentum, and the RSI for BTC/USD is below 50, signaling caution is necessary.

Fuente: www.newsbtc.com ↗

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