what is the next support level for btc?

Fere Pro Created at: 26 November, 2024 12:40 PM

To determine the next support level for Bitcoin (BTC), we can analyze its recent price movements and historical data. As of the latest data, Bitcoin is currently priced at $92,113.

Recent Price Analysis

  • Current Price: $92,113
  • Price Change (14 days): +$6,186 (+7.17%)
  • Price Change (30 days): +$25,046 (+37.40%)
  • Price Change (24h): -6.43%

Support Levels

Support levels are typically identified based on historical price points where the asset has previously found buying interest. Here are some key levels to consider based on the recent price action:

  1. Recent Low: The most recent significant low was around $85,000. This level has previously acted as a support point.
  2. Previous Support Levels:
    • $90,000: This psychological level may also serve as a support.
    • $85,000: A more substantial support level based on historical price action.

Conclusion

Given the current price of $92,113, the next immediate support level for Bitcoin appears to be around $90,000, with a stronger support at $85,000. Monitoring these levels will be crucial as market conditions evolve.

If you have any further questions or need additional analysis, feel free to ask!

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