$BTC
As of December 20, 2024, Bitcoin is trading at approximately $97,959.46. The price has shown some fluctuations in the short term. The price was $98,098.01 just before the latest update. It reached a low of $96,709.63 earlier in the hour before rebounding to its current level.
Current support appears to be around $94,000, while immediate resistance is noted at $100,000. The recent high reached was just below $100,000, suggesting that this level may act as a psychological barrier for traders.
The 200-day moving average is trending upwards, which typically indicates a strong bullish trend. This suggests that if Bitcoin interacts with this average again, it could serve as support.
Currently within the neutral zone (30-70), indicating that Bitcoin is neither overbought nor oversold. However, there are signs of bearish divergence in the short term which could suggest potential price reversals.
