BTC new support and resistance!!
2024-12-27
Category: None

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Let's analyze BTCUSDT :
Bitcoin rebounded from the support level at $92,500 to reach $99,000 again but couldn't maintain that price. After this, BTC fell back down. This appears to be an ideal retest scenario with the current support at $94,700 and the next support levels ranging from $92,500 to $91,000. BTC might dip back into the $92.5k to $91k range in a short-term bearish scenario. However, it's likely to trade within the $99k to $91k range until there's an influx of new trading volume.

Key Support Levels:
$94,700
$92,500-$91,100

Key Resistance Level:
$98,500

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