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HomeCryptoBitcoin Price (BTCUSD) Forecast Update – 09 December 2024

Bitcoin Price (BTCUSD) Forecast Update – 09 December 2024

Bitcoin (BTCUSD) has been trading sideways since the morning, recently testing a crucial support level at $98,330. As noted earlier, a breakdown below this level is expected to trigger a further decline, with the primary target set at $93,405.

Given the current market conditions, we maintain a bearish outlook for the day unless Bitcoin breaks above $101,200 and sustains trading above this resistance level.

The anticipated trading range for today is between the support at $94,000 and resistance at $101,000.

Trend Forecast: Bearish

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