Analysis of Bitcoin price for today, December 29

Today, Bitcoin ($BTC ) opened at $95,299. It has dropped by -0.30% from the opening price. Despite a rally to $95,322, Bitcoin (BTC) faced resistance and could not maintain the momentum to move higher. From its maximum price over the last 30 and 7 days, its value has decreased by -12.14% and -4.82%, while from the minimum recorded price of $DOGE $ETH for the same period, it has increased by 2.82% and 2.56%.

According to our analysis, it is crucial for BTC to maintain a level above $94,381 in order to potentially advance towards the initial important resistance level at $99,449. If it breaks above the $99,449 level, BTC could gain momentum and rise to the next resistance level at $103,491. The third resistance level is even higher at $108,143. These levels signal potential points where it may encounter resistance or increase in value.

If the price drops, the first support level to watch will be $94,381. If this level does not hold, a further decline to the next support level at $90,907.#BtcNewHolder is possible.