Bitcoin's Range Between $91K and $102K Continues
Bitcoin gains momentum with the weekly candle close, testing lower channel support. Key levels to watch: $102,000 resistance and $93,000 support.
12/10/20241 min read
๐ After two days of consolidation, Bitcoin has started to gain momentum with the weekly candle closure and the reopening of financial markets.
๐๐ผ The price is currently testing the lower channel support. If this level holds, Bitcoin could retest the $102,000 resistance.
๐ข As analyzed earlier, Bitcoin seems poised to range between $93,000 - $102,000 for a while. ๐ดHowever, if the $96,000 - $97,000 hourly support zone breaks, a decline toward $93,000 could be expected.