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Bitcoin Price Faces Tough Resistance: A Breakout In The Cards? Newsbtc 5 zile în urmă

Bitcoin Price Faces Tough Resistance: A Breakout In The Cards? 📈

Bitcoin

Bitcoin price recently saw an upward move above $100,000, but it faces significant resistance around $103,000. A key bearish trend line also challenges the BTC/USD pair. If Bitcoin manages to break through this resistance level, further gains could be possible.

However, if it fails, another decline may occur with support near $101,200, $100,500, and $100,000. Technical indicators suggest limited bullish momentum, with the MACD losing pace and the RSI below 50. The market remains cautious, with a close watch on key resistance levels.

The first major resistance lies at $103,000, followed by $103,500, with a potential upside towards $107,000.

Sursă: www.newsbtc.com ↗

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