Bitcoin 4 Hour Analysis 18th December 2024 8 05 AM UTC
Resistance Next Resistance is around 106700 To go more upside range we will need to observe an increase in trading volume as this is crucial for sustaining upward momentum
Support The nearest support level for Bitcoin is currently at 103520 This level could potentially provide a bounce offering a short-term opportunity for traders looking to capitalize on price fluctuations
Market Volume Volume getting low as btc rejected from its resistance and now bounced from its support which is at 103500
Note šØ The market operates in correlation with Bitcoins price movements Therefore it is essential to focus on overall market conditions to effectively track and monitor market trends By staying informed about Bitcoins performance and the broader crypto landscape members can make more informed trading decisions
Stay vigilant and keep an eye on the Charts
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