Bitcoin Analysis and Commentary
Bitcoin (BTC) has been following a volatile trend in recent days. As of December 15, 2024, the price of Bitcoin was recorded as 104,447.43 USD. This price has fluctuated between 101,271.09 USD and 106,554.39 USD during the day. There has been a 2.88% increase in the last 24 hours
From a technical analysis perspective:
Moving Averages : Bitcoin's 50-day moving average is around $87,325.27 and its 200-day moving average is around $68,881.79, suggesting that short-term price movements are higher than long-term trends.
Support and Resistance Levels : On the daily chart, the significant support level appears as 101,271.09 USD. The resistance level is 106,554.39 USD. If these levels are broken, the direction of the price may become clear.
