Advertising
News4Social English
  • News
    • National
    • Education
    • Review
    • Space
    • Environment
  • Health Trends
  • Business
  • Lifestyle
  • Travel
  • Cryptocurrency
  • Sports
  • World
No Result
View All Result
  • News
    • National
    • Education
    • Review
    • Space
    • Environment
  • Health Trends
  • Business
  • Lifestyle
  • Travel
  • Cryptocurrency
  • Sports
  • World
No Result
View All Result
News4Social English
No Result
View All Result
Advertising
Home Cryptocurrency

Bitcoin Price on the Brink: Could a Deeper Drop Be Ahead?

December 30, 2024
in Cryptocurrency
Reading Time: 1 min read
Bitcoin Price on the Brink: Could a Deeper Drop Be Ahead?
296
SHARES
1.4k
VIEWS
Share on TwitterShare on Telegram
Advertising

Bitcoin Price on the Brink: Could a Deeper Drop Be Ahead?

Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone.

  • Bitcoin started a fresh decline from the $96,500 zone.
  • The price is trading below $95,500 and the 100 hourly Simple moving average.
  • There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it stays above the $92,500 support zone.

Bitcoin Price Dips Again

Advertising

Bitcoin price started a decent upward move above the $93,500 resistance zone. BTC was able to climb above the $94,200 and $94,500 resistance levels.

The pair cleared the $95,000 resistance level but upsides were limited. The price started another decline and traded below the $93,500 level. A low was formed at $92,950 and the price is now consolidating losses. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair.

Advertising

The trend line is close to the 23.6% Fib retracement level of the recent decline from the $97,308 swing high to the $92,950 low. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average.

On the upside, immediate resistance is near the $94,000 level. The first key resistance is near the $95,000 level or the 50% Fib retracement level of the recent decline from the $97,308 swing high to the $92,950 low. A clear move above the $95,000 resistance might send the price higher.

Advertising

The next key resistance could be $95,500. A close above the $95,500 resistance might send the price further higher. In the stated case, the price could rise and test the $96,500 resistance level. Any more gains might send the price toward the $98,000 level.

More Losses In BTC?

If Bitcoin fails to rise above the $94,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $93,500 level.

The first major support is near the $92,800 level. The next support is now near the $92,500 zone. Any more losses might send the price toward the $91,200 support in the near term.

RelatedPosts

XRP’s Strong Momentum: Will It Hold Above .30?

XRP’s Strong Momentum: Will It Hold Above $2.30?

July 9, 2025
Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your ,000 in 2025

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

July 9, 2025
Advertising

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Advertising

Major Support Levels – $93,500, followed by $92,500.

Major Resistance Levels – $94,500 and $95,500.

Check More Latest Cryptocurrency News Click Here– Latest Cryptocurrency News

Check More Business News Click Here– Latest Business News

Advertising

Related Posts

XRP’s Strong Momentum: Will It Hold Above .30?
Cryptocurrency

XRP’s Strong Momentum: Will It Hold Above $2.30?

July 9, 2025
Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your ,000 in 2025
Cryptocurrency

Dogecoin vs FloppyPEPE: Which Meme Coin Deserves Your $1,000 in 2025

July 9, 2025
After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?
Cryptocurrency

After a 17% Nosedive, Can Humanity Protocol (H) Bounce Back or Break Down?

July 8, 2025
No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months
Cryptocurrency

No New Bitcoin Buys: Strategy Takes A Breather After 3 Consecutive Months

July 8, 2025
Solana’s tokenized stock market more than triples in two weeks to hit M
Cryptocurrency

Solana’s tokenized stock market more than triples in two weeks to hit $48M

July 8, 2025
AVAX Faces Make-or-Break Moment At : What’s Next?
Cryptocurrency

AVAX Faces Make-or-Break Moment At $18: What’s Next?

July 8, 2025
Crypto.com Custody Brings Institutional Power to TON Blockchain – Crypto News Flash
Cryptocurrency

Crypto.com Custody Brings Institutional Power to TON Blockchain – Crypto News Flash

July 7, 2025
XRP Eyes Breakout As Analysts Predict Rally Alongside Real-World Adoption
Cryptocurrency

XRP Eyes Breakout As Analysts Predict Rally Alongside Real-World Adoption

July 7, 2025
AERO Token Crashes 7% as Bears Take Control – What’s Next?
Cryptocurrency

AERO Token Crashes 7% as Bears Take Control – What’s Next?

July 7, 2025
Mainland China chipmaking capacity set to outpace Taiwan by 2030
Cryptocurrency

Mainland China chipmaking capacity set to outpace Taiwan by 2030

July 6, 2025

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • XRP’s Strong Momentum: Will It Hold Above $2.30?
  • Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)
  • Tunisia sentences prominent opposition leader to lengthy prison term

Category

  • Brand Stories
  • Business
  • Cryptocurrency
  • Culture
  • Education
  • Entertainment
  • Environment
  • Health Trends
  • Latest News
  • Lifestyle
  • National
  • News
  • Opinion
  • Review
  • Science
  • Space
  • Sports
  • Technology
  • Travel
  • Uncategorized
  • World

Recent News

XRP’s Strong Momentum: Will It Hold Above .30?

XRP’s Strong Momentum: Will It Hold Above $2.30?

July 9, 2025
Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)

Fairus Customized Wallet Card – Your Photo, Illustration Or Bitmoji, Message, Spotify Song Code Backside Best For Special Occasion Gift For Loved One For Thanksgiving (Your Upload)

July 9, 2025
  • About
  • Advertise
  • Careers
  • Contact
  • Science
  • Environment
  • Education
  • Guest Post on News 4 Social

© 2025 News4Social - All Rights Reserved. Guild King Pvt. Ltd. News4Social.

No Result
View All Result
  • News
  • Business
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion
  • Cryptocurrency
  • Entertainment

© 2025 News4Social - All Rights Reserved. Guild King Pvt. Ltd. News4Social.

Advertising
pixel