Bitcoin Holds $87,400 Support | Eyes on $96,000 and $100,000

Bitcoin drops below 4-hour support, approaching daily support at $87,400. If this level holds, a bounce could target $96,000 and $100,000 resistance levels.

11/28/20241 min read

Bitcoin nears daily support at $87,400 after dropping below 4-hour support. Potential bounce targets
Bitcoin nears daily support at $87,400 after dropping below 4-hour support. Potential bounce targets

📊 Bitcoin has dropped below its 4-hour support and is now moving towards the daily support level at $87,400.

✅ If this support holds, Bitcoin could bounce back and continue its upward movement.

🔑 Key Levels to Watch:

🔵 Support: $87,400 (A key area where buyers may step in to prevent further decline).

🟠 Resistance: $96,000 (The first resistance to break for further upward momentum).

🟢 Next Resistance: $100,000 (A psychological and significant level that could attract sellers).