Proekt_73
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The BTC price is unable to hold above the significant level of $97,800.
The BTC price is unable to hold above the significant level of $97,800.
On the hourly and even 30-minute timeframes, it's evident that this level has been acting as resistance since December 21 during the recovery from the low on December 20.
Since December 24, the price has tested the breakthrough of this level several times, getting trapped in the range of $97,553-$99,481. Last night, with a squeeze reaching $99,963, it went into correction and has already reached the low of $95,199. It broke through the important EMA 50 and 200 on the 4-hour and 12-hour timeframes.
On the hourly and even 30-minute timeframes, it's evident that this level has been acting as resistance since December 21 during the recovery from the low on December 20.
Since December 24, the price has tested the breakthrough of this level several times, getting trapped in the range of $97,553-$99,481. Last night, with a squeeze reaching $99,963, it went into correction and has already reached the low of $95,199. It broke through the important EMA 50 and 200 on the 4-hour and 12-hour timeframes.
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