Most of the coins are in the green zone again, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has risen by 2.45% over the last 24 hours.
After a breach of its local support at $101,557, the cost of Bitcoin appears to be decreasing. If this downward trend persists, it’s possible that we could reach the $100,000 level by tomorrow.
Looking at the long-term perspective, the primary cryptocurrency has been experiencing a decline following an unsuccessful breach above the resistance level of $102,747.
If sellers’ pressure continues, traders may witness a test of the $98,000-$99,000 range.
Looking back at the midpoint of our analysis, the current price of the primary coin deviates significantly from crucial resistance levels. Should the upcoming weekly candle close with a notable wick, it would signal a potential correction towards approximately $95,000.
Bitcoin is trading at $100,409 at press time.
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2025-01-07 18:36