Bitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024).
Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000.
Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.
Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.
Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.
Date: 12/30/2024 pm
Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000.
Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.
Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.
Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.
Date: 12/30/2024 pm
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
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All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.