{"id":30339,"date":"2024-12-03T08:17:07","date_gmt":"2024-12-03T08:17:07","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30339"},"modified":"2024-12-03T08:17:08","modified_gmt":"2024-12-03T08:17:08","slug":"bitcoin-technical-analysis-report-3rd-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-3rd-december-2024","title":{"rendered":"Bitcoin Technical Analysis Report | 3rd December 2024"},"content":{"rendered":"\n

Bitcoin is consolidating just below the $100,000 mark, reflecting the bulls’ confidence in a continued uptrend. The crypto asset faces significant resistance near this psychologically pivotal level. However, the sustained position above the uptrend line is encouraging. The upward-sloping 20-day exponential moving average (currently at $92,114) and a positive relative strength index (RSI) signal that bullish momentum remains strong. This setup enhances the probability of a breakout above $100,000. Bitcoin has already recorded a 129% gain this year, driven largely by the impact of the 2024 U.S. Presidential election and the April 2024 halving event.<\/p>\n\n\n\n

At the time of writing, BTC was trading at $97,600.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BTC, after making previous the all time high of $73,777, was trading in the \u2018Descending Channel\u2019 forming a \u2018Bullish Flag\u2019 pattern. The asset gave a breakout above the channel and made the new all time high of $99,588. Post this move, the prices are consolidating and trading between $94,000 to $98,000. The bulls are not able to break the psychological resistance level of $100,000. Once BTC breaks and sustains above $100,000 then we may expect it to rally further.

Key Levels:<\/strong><\/p>\n\n\n\n

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$85,000<\/td>$92,000<\/td>BTC<\/strong><\/td><\/td>$100,000<\/td>$120,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs is here to provide you with crypto wisdom. Click on the button below and discover endless features on ZebPay!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is consolidating just below the $100,000 mark, reflecting the bulls’ confidence in a continued uptrend. The crypto asset faces significant resistance near this psychologically pivotal level. However, the sustained position above the uptrend line is encouraging. The upward-sloping 20-day exponential moving average (currently at $92,114) and a positive relative strength index (RSI) signal that […]<\/p>\n","protected":false},"author":1,"featured_media":29949,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30339"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=30339"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30339\/revisions"}],"predecessor-version":[{"id":30342,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30339\/revisions\/30342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/29949"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=30339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}