Bitcoin (BTC) witnessed bearish trading today, December 27, 2024, as the price fell below the pivotal support level at $95,195, reinforcing expectations of further decline towards the next negative targets at $90,750 and then $87,055.
Technical analysis shows that Bitcoin is facing continuous selling pressure, which hinders its attempts to break the $100,000 barrier.
It is important to monitor the current support level between $93,887 and $92,122, as the price may witness some stability before determining the future direction.
Traders are advised to be cautious and follow technical developments closely, given the ongoing volatility in the cryptocurrency market.