Bitcoin (BTCUSD) Price Confirms Break – Today's Forecast 12-24-2024

Bitcoin (BTCUSD) price confirmed breaking the $95195.00 level after closing the daily candle below it, reinforcing expectations of the continued dominance of the bearish correction during the upcoming sessions, targeting the $90750.00 levels and then $87055.00 as subsequent negative stations.

The descending intraday channel organizes the proposed bearish wave, which receives good support from the 50 moving average, noting that breaching the $95195.00 levels and then $96555.00 will stop the negative scenario and lead the price to try to regain the main upward trend again.

Expected trading range for today is between support $91000.00 and resistance $96000.00

Today's price forecast: Low $BTC