{"id":672312,"date":"2025-01-08T02:52:00","date_gmt":"2025-01-08T02:52:00","guid":{"rendered":"https:\/\/wncen.com\/?p=672312"},"modified":"2025-01-08T02:52:00","modified_gmt":"2025-01-08T02:52:00","slug":"bitcoin-price-breather-98k","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-breather-98k\/","title":{"rendered":"Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility"},"content":{"rendered":"
Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone.<\/em><\/p>\n
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Bitcoin started a fresh decline from the $102,500 resistance zone.<\/li>\n
The price is trading below $100,000 and the 100 hourly Simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could start another increase if it stays above the $95,500 support zone.<\/li>\n<\/ul>\n
Bitcoin Price Dips Below $100K<\/h2>\n
Bitcoin price started a decent upward move above the $98,500 resistance zone. BTC was able to climb above the $99,200 and $100,00 resistance levels. However, it failed to clear the $102,500 resistance zone<\/a>.<\/p>\n