$BTC Urgent update 📉📉
As of January 6, 2025, Bitcoin (BTC) is trading at approximately $99,058.
Technical analysis identifies key support and resistance levels that traders monitor:
Resistance Levels:
First Resistance: Around $99,416.52
Second Resistance: Approximately $100,608.78
Third Resistance: Near $102,290.13
Support Levels:$BTC
First Support: Around $96,542.92
Second Support: Approximately $94,861.58
Third Support: Near $93,669.32
These levels serve as potential indicators of price movement, where resistance may act as a ceiling preventing further price increases, and support may act as a floor preventing further declines.
It's important to note that these levels are based on historical data and are not guarantees of future performance.
Market conditions can change rapidly, and it's advisable to use these levels in conjunction with other analysis tools and stay updated with the latest market news.