Bitcoin (BTCUSD) Price Presses Support – Today's Forecast 12-23-2024

Bitcoin (BTCUSD) price is making new attempts to break the $95195.00 level, reinforcing expectations of the continued dominance of the downward corrective trend during the coming period, paving the way for heading towards $90750.00 and then $87055.00, which represent our next negative targets.

The negative pressure formed by the 50-day moving average supports the expected downward trend, noting that breaching $96555.00 will stop the current negative pressure and lead the price to try to build a new upward wave and resume the main upward trend again.

The expected trading range for today is between the support $92500.00 and the resistance $97200.00

Price forecast for today: Low $BTC