#MarketPullback The crypto market pulled back after a recent high, Currently, BTC is trading at $94,603.38, with a 1.44% decrease from its open price of $95,982.00.
*Key Stats for Bitcoin (BTC):*
- *Current Price*: $94,603.38
- *Open Price*: $95,982.00
- *High Price*: $95,991.65
- *Low Price*: $93,514.10
- *Market Cap*: $1.89 trillion
- *Percent Change*: -1.44%
*Resistance Levels:*
Based on pivot points, the resistance levels for Bitcoin can be calculated as follows ¹:
- *1st Resistance Level (R1)*: ($94,724.25 + $93,514.10 + $95,847.18) / 3 = $94,695.18, then R1 = (2 * $94,695.18) - $93,514.10 = $95,876.26
- *2nd Resistance Level (R2)*: R2 = $94,695.18 + ($95,876.26 - $94,695.18) = $95,876.26 + $1,181.08 = $97,057.34
- *3rd Resistance Level (R3)*: R3 = $95,923.54 + (2 * ($94,695.18 - $93,514.10)) = $95,923.54 + $2,362.16 = $98,285.70
*Support Levels:*
Similarly, the support levels can be calculated as:
- *1st Support Level (S1)*: S1 = (2 * $94,695.18) - $95,923.54 = $93,466.82
- *2nd Support Level (S2)*: S2 = $94,695.18 - ($95,876.26 - $94,695.18) = $93,514.10
- *3rd Support Level (S3)*: S3 = $93,514.10 - (2 * ($95,923.54 - $94,695.18)) = $91,876.38