BTCUSD Consolidates As Bulls Maintain A Hold Below $100,000 Key Level

BTCUSD Buyers Pause As Price Consolidates

BTCUSD consolidates as bulls hold their position below the $100,000 key level. Bitcoin remains in a consolidation phase under this significant resistance point as bullish momentum fades. Despite strong advances throughout November, buyers have encountered resistance, preventing a breakout. The market is now in a holding pattern, with buyers struggling to regain control and push higher.

BTCUSD Key Levels

Resistance: $100,000, $103,500
Support: $91,180, $88,000
Bitcoin’s bullish momentum has faced challenges recently, leading to consolidation below the $100,000 resistance level. Although November saw consistent upward movement, the rally has stalled, allowing sellers to capitalize on reduced momentum.

As the year-end approaches, Bitcoin remains positioned for potential bullish expansion. However, the current slowdown reflects caution among market participants. On the daily chart, sellers have managed to exert some influence, but buyers continue to hold their ground, suggesting a possible breakout.

The Momentum Indicator shows a decline, indicating weakened buyer strength and slower market activity. The Parabolic SAR (Stop and Reverse) indicator also remains subdued, with no significant bullish signal emerging.

Market Expectation

In shorter time frames, buyers appear unsettled but unable to gain significant traction. Both the Momentum Indicator and Parabolic SAR suggest limited immediate movement, highlighting the ongoing struggle for buyers to reassert control.
This consolidation phase places Bitcoin at a critical point. A breakout above the $100,000 level could ignite renewed bullish momentum, potentially driving prices toward $103,500 and beyond, supported by growing interest in crypto signals.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.