December 17th BTC Market Analysis 🚩
Bitcoin is once again consolidating at a high level, it really can’t drop at all, and it has now broken through the first resistance at 106335. On the hourly chart, it has once again stood firm in the bullish position. If this level holds, we will continue to look at the next resistance level of 107783. Observe the situation of a second peak test; if it breaks through the next resistance level, we will look around 108500. If the resistance at 106335 cannot be effectively held, the hourly chart will once again enter a pullback.
The support levels for the pullback below are 105354, 104720, and 103300.
