On Sunday, December 15, the price of Bitcoin surpassed $103,300, coming as close as possible to its all-time high of $103,647. Overall, kriptovalyuta is on an optimistic path, supported by technical analysis tools.
On the hourly chart Bitcoin demonstrated a progressive growth from $100,600 to $102,500, then we saw a rollback to $101,500-101,700, and then BTC encountered a barrier in the form of resistance at $103,300.
BTC/USD Hourly Chart Sunday December 15
Indicators are keeping us on our toes, with the Relative Strength Index (RSI) at 65 acting neutral, while the Momentum Oscillator is showing a buy signal at 5518. However, the MACD at 3347 is waving a small caution flag, hinting at possible retreats.
If we study the 4-hour chart, we will see how confidently Bitcoin moves higher, bouncing off a low near $94,249. Holding above the long-awaited $100,000 would indicate bullish sentiment.
BTC/USD 4-hour chart for Sunday, December 15
Support zones have consolidated in the $99,500 to $100,500 range, with current resistance seen at $103,500 to $104,000. Volume patterns show that people are eager to buy, but it is important to watch for selling pressure.
On the daily chart Bitcoin continued to fluctuate around $103,000, and green candles formed in tandem with rising trading volumes, showing that big players were entering the game.
BTC/USD Daily Chart Sunday December 15
Support is firm between $98,000 and $100,000, setting the stage for further gains. Resistance at $103,500–$105,000 could be the next major hurdle, with a break of that possibly leading to highs in the $110,000 range.
On all these time frames, the moving averages are giving a strong positive signal, with the exponential moving averages (EMA) and simple moving averages (SMA) from 10 to 200 days supporting the version of the rise continuation. Oscillators such as the stochastic at 84 and the average directional index (ADX) at 40 support the balance, and the oscillator at 5050 votes in favor of the bullish trend.
