This article analyzes the current price trend of Bitcoin (BTC), predicting potential price movements based on technical indicators and market analysis. It suggests a possible test of the $97,000 area by January 1st if the daily bar closes far from the current resistance level. The article also mentions the ongoing support level at $91,760 and the possibility of reaching $98,000 soon.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the price of BTC is breaking the local resistance of $94,532. If the daily bar closes far from it, there is a chance to see a test of the $97,000 area by Jan. 1.On the bigger time frame, the rate of BTC has once again bounced off the support of $91,760. If the candle closes near $96,000, traders may expect ongoing growth to the $98,000 range soon.The volume keeps falling, which means none of the sides has seized the initiative, and there are low chances of seeing any sharp moves shortly. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins. Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected]
BTC Bitcoin Price Prediction Technical Analysis Market Trend
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