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Cryptocurrency News Articles
Bitcoin Price Correction Begins After Reaching $102,000
Dec 15, 2024 at 07:41 am
Bitcoin encountered resistance at the $102,000 level, triggering a downshift correction. During this correction, BTC may test the lower support threshold at $97,500.
The price recently breached below a supportive trend line at $101,000 on the BTC/USD pair’s hourly chart. However, if it manages to sustain above the $97,500 support zone, there is potential for a fresh increase.
The first significant resistance is encountered around the $101,500 level. If the price decisively surpasses the $101,500 resistance, further upward momentum could be ignited.
In a potent bull scenario, the Bitcoin price could further inflate to test the $104,000 resistance threshold. However, if BTC fails to clear the $102,000 resistance zone, a further decline could follow.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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