Bitcoin Price Analysis for Today, December 1
Today Bitcoin ($BTC ) opened at $97,451. This is -1.12% lower than the opening price. From the maximum price over the last 30 and 7 days, its value has decreased by -3.10%, while from the minimum recorded price during the same period, it has increased by 43.98% and 6.00%.
According to our analysis, it is crucial for BTC to hold above $90,907 to potentially advance towards the initial significant resistance level at $99,449.
If the price drops, the first support level to watch will be $90,907. If this level does not hold, further decline to the next support level at $73,687 may occur.
The EMA on the daily chart indicates a bullish signal. Bitcoin is currently above the 10-, 20-, 50-, 100-, and 200-day EMAs.
