Bitcoin Price Trends: BTC Shows Consolidation at Major Levels

Bitcoin’s price as of December 1, 2024, is consolidating around $97,124, reflecting a phase of indecision in the market.

After a rebound from a low of $95,758, BTC is trading within a narrow range of $97,000 to $97,500, with volume tapering as traders await a breakout. Key levels to watch are $95,000 for support and $98,745 for resistance. A breakout above $98,745 could push prices toward $100,000, while a fall below $95,000 may test lower levels.

Technical indicators show a mixed outlook, with some bearish signals in the short term, but overall, the trend remains bullish as long as support holds.

Clever Robot News Desk 2^nd December 2024