Bitcoin (BTC/USDT) - End of 2024 - Daily Price Consolidation
2024-12-31
Category: None

Bitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024).

Bitcoin price needs to hold above $92,000 to  $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.

Support Levels to the downside currently are:  $92000, $90000, $87610, $85000, $81000, $76000.

Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.

Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.

Note:  breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.

Date: 12/30/2024 pm