Bitcoin drops at its sharpest pace in 3 months

Technical Analysis

By Mostafa Mahmoud On Dec 19, 2024

BTCUSD

Bitcoin is trading above the support level of $100,550, and it is likely to target the resistance level at $104,600. This scenario would be invalidated if the previously mentioned support level is broken.

Support	100550	97750	–
Resistance	104600	108340	–

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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