Bitcoin's (BTC) key support and resistance levels are as follows:
- Support Levels:
- Immediate support is around $90,660.521.
- Stronger support lies at $93,846.311.
- Historically, Bitcoin has shown support at $88,000, which could be a psychological level of interest2.
- Resistance Levels:
- Current resistance is near $100,766.921.
- A significant resistance level is at $121,216.213.
- Historically, Bitcoin faced resistance around $106,787.533.
- Recent record highs near $100,000 present a significant psychological and potential resistance level4.
These levels are indicative of the price zones where Bitcoin has shown support in falling and resistance in rising. They are derived from technical analysis and can influence trader behavior and market dynamics.