Bitcoin Price Decline: Key Support and Resistance Levels
- Bitcoin price declined from the $102,500 zone to below $100,000.
- The price is trading below $98,000 and the 100 hourly Simple Moving Average.
- A bearish trend line is forming with resistance at $99,000 on the BTC/USD hourly chart.
- Immediate support levels are at $96,500 and $95,500.
- Major resistance levels are identified at $99,000 and $100,000.
Bitcoin’s price has fallen below key levels, currently trading under $98,000. The immediate support stands at $96,500 while resistance is marked near $99,000.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-price-pulls-back-100k/?rand=52377
