Bitcoin Struggles to Cross the 105k Barrier

7 Oca

The price has once again returned to the 98K zone, experiencing a nearly 4% drop in the last few hours and erasing the bullish pressure seen over the past four sessions.

Lateral Range: Neutrality persists between the resistance at 105k and the support at 91k, with oscillations failing to break these levels since late November 2024.

1. 105k: A nearby resistance zone crucial for the previous upward trend. A breakout above this level could reinforce the bullish outlook.
   
2. 91k: A key support zone that has twice prevented the formation of a new and fresh downward movement. Oscillations below this level could jeopardize the accelerated trend that BTC exhibited towards the end of 2024.
   

MACD: The indicator's histogram remains oscillating below the 0 level, demonstrating stronger bearish impulses that dominate the market. Oscillations very close to 0 could increase neutrality, making it challenging to break the current lateral range anytime soon.

-JP