Bitcoin (BTCUSD) price faces strong support - Today's forecast 12-27-2024

Bitcoin (BTCUSD) price is trading at the pivotal support of $95195.00 and is finding it difficult to break it so far, waiting for a negative incentive that contributes to pushing the price to confirm the break and then resume the downtrend targeting $91000.00 and then $87055.00 as the next main stations.

The descending channel organizes the proposed downtrend, noting that breaching $98600.00 will stop the downtrend and push the price to build an upward wave that begins its targets by visiting the $105070.00 areas.

The expected trading range for today is between the support of $92000.00 and the resistance of $98000.00

Price forecast for today: Low $BTC