Here's a technical analysis for Bitcoin on December 26, 2024:

Current Price & Time FrameDate: December 26, 2024Current Price: $94,200 (as of 01:13 AM PST)

Support & ResistanceImmediate Support: $93,000 - A level where buying has previously occurred, potentially offering some resistance to further declines.Near Support: $91,000 - This level was a significant support in the past, with volume accumulation suggesting possible buying interest.Strong Support: $89,000 - A level where Bitcoin found support after the last major correction, could be critical if tested again.Immediate Resistance: $95,000 - The current price is just below this, indicating short-term resistance.Key Resistance: $97,500 - The 50-day Simple Moving Average (SMA) is here, acting as a dynamic resistance.Psychological Resistance: $100,000 - Breaking this could trigger a significant bullish move.

Moving Averages50-day SMA: $97,500 - Price below this suggests a bearish short-term trend.100-day SMA: $92,000 - Close to current price, indicating a potential support if price dips further.200-day SMA: $82,000 - Far below current price, maintaining the long-term bullish trend.

IndicatorsRelative Strength Index (RSI)Daily RSI: 30.03 - Now in oversold territory, which typically indicates that a price correction or reversal might be imminent.$BTC