Bitcoin Key Support and Resistance Levels to Watch

Bitcoin's key resistance is around $88,000, with the 200-hour SMA acting as a cap to upward momentum. The next resistance level is in the $98,000-$99,000 range, where intraday lows were capped in June and November. The most critical support level is around $83,680, where the 100-week SMA intersects with a bullish trendline. Breaking below this level would signal a bearish shift and potentially lead to a deeper decline. The next downside support is around $74,500.