{"id":30639,"date":"2024-12-30T06:04:00","date_gmt":"2024-12-30T06:04:00","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=30639"},"modified":"2024-12-30T06:04:02","modified_gmt":"2024-12-30T06:04:02","slug":"bitcoin-technical-analysis-report-30th-december-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/bitcoin-technical-analysis-report-30th-december-2024","title":{"rendered":"Bitcoin Technical Analysis Report | 30th December 2024"},"content":{"rendered":"\n

Bitcoin\u2019s failed recovery attempts, throughout the week, indicate persistent selling pressure from bears at higher levels. While buyers were unable to drive the price above $100,000, they have managed to defend key support areas, limiting further losses. This resilience suggests that bulls are maintaining their positions, in anticipation of a potential upward move. Bitcoin closed below the 50-day Simple Moving Average (SMA) at $96,124 on December 27, signaling a weakening hold by the bulls and a potential shift in market sentiment. <\/p>\n\n\n\n

At the time of writing, BTC was trading at $93,240.<\/p>\n\n\n\n

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

BTC, after making the all time high of $108,353, made an \u2018Evening Star\u2019 pattern and witnessed some correction. The prices fell almost by 14.85% and dropped to $92.232. Post this move, BTC is consolidating and trading in a range from $92,500 to $99,500 with low volumes. The asset has a strong support zone from $90,000 to $85,000, whereas $100,000 and $108,000 will act as a strong resistance.

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

Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2.<\/strong><\/td><\/tr>
$85,000<\/td>$90,000<\/td>BTC<\/strong><\/td>$100,000<\/td>$108,000<\/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\u2019s failed recovery attempts, throughout the week, indicate persistent selling pressure from bears at higher levels. While buyers were unable to drive the price above $100,000, they have managed to defend key support areas, limiting further losses. This resilience suggests that bulls are maintaining their positions, in anticipation of a potential upward move. Bitcoin closed […]<\/p>\n","protected":false},"author":1,"featured_media":30199,"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\/30639"}],"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=30639"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30639\/revisions"}],"predecessor-version":[{"id":30642,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/30639\/revisions\/30642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/30199"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=30639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=30639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=30639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}