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

Bitcoin's price gains momentum, testing lower channel support. Resistance at $102,000; support at $9
Bitcoin's price gains momentum, testing lower channel support. Resistance at $102,000; support at $9

📊 After two days of consolidation, Bitcoin has started to gain momentum with the weekly candle closure and the reopening of financial markets.
👉🏼 The price is currently testing the lower channel support. If this level holds, Bitcoin could retest the $102,000 resistance.
🟢 As analyzed earlier, Bitcoin seems poised to range between $93,000 - $102,000 for a while. 🔴However, if the $96,000 - $97,000 hourly support zone breaks, a decline toward $93,000 could be expected.