Analysis of Bitcoin price for today, December 31

Today, Bitcoin ($BTC ) opened at $92,797. This is -0.37% lower than the opening price. Despite a rally to $92,865, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From the maximum price of the last 30 and 7 days, its value has decreased by -14.51% and -7.39%, while from the minimum recorded price over the same period, it has only increased by 0.05% and decreased by -0.21%.

According to our analysis, it is crucial for BTC to maintain a level above $90,907 to potentially advance towards the initial significant resistance level at $94,381. If it breaks above the level of $94,381, BTC could gain momentum and rise to the next resistance level at $99,449. The third level of resistance is even higher at $103,491. These levels signal potential points where it may face resistance or increase in value.

If the price falls, the first support level to watch will be $90,907. If this level does not hold, a further decline may occur to the next support level at $73,687.#2024withBinance .