Bitcoin (BTC ($95,779.47)) $95,732 has made several attempts to exceed the critical $100,000 threshold against the US dollar. However, selling pressure has hindered its rise and prevented the price from breaking this barrier. Technical indicators suggest that certain resistance levels must be overcome in the short term.
Can Bitcoin Price Surpass $100,000?
The price of Bitcoin managed to stay above the 76.4% Fibonacci retracement level of the price movement ranging from $91,352 to $102,295. However, it is currently trading below the 100 simple moving average (red) and the 200 simple moving average (green) on the four-hour chart.

In upward movements, the $97,500 level and the 100 simple moving average act as strong resistance. Additionally, a significant downtrend line is present at the $97,250 mark.
For Bitcoin to ris…

Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet