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Bitcoin Technical Analysis: Bulls Face an Uphill Battle as Resistance Looms at $98,000 Bitcoin.com 17 годин тому

Bitcoin Technical Analysis: Bulls Face an Uphill Battle as Resistance Looms at $98,000 📈

Bitcoin's current trading range is between $94,790 and $95,277, with a significant market cap of $1.88 trillion. The past 24 hours have seen a volume of $67.64 billion, emphasizing robust trading activity.

The hourly chart reveals a steep decline from $102,017, settling near a critical support level of $94,500. This formation hints at a strategic accumulation phase possibly underway, as investors await a shift in momentum.

With resistance looming at $98,000, Bitcoin bulls face a challenge. Breaking past this level could confirm a bullish move, but until then, the market remains cautiously optimistic, navigating within the $94,511 to $98,202 range.

Джерело: news.bitcoin.com ↗

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