Bitcoin price remains in a consolidation phase above the $95,000 support zone. To initiate a fresh upward trend, BTC must break past the $100,000 level. A recent increase was observed from the $94,200 zone, trading above $96,500 and the 100-hour simple moving average.
There was a breakthrough above a bearish trend line, signaling potential for another increase if it surpasses $98,500. In contrast, failure to rise could lead to a decline, with support at $97,200 and $96,750 levels. The article also notes major resistance and support levels such as $98,000, $98,500, and a crucial $94,200 support.
Булак: www.newsbtc.com ↗