Bitcoin Set For Encounter With Key $99,900 Price Level – Analyst

Quick Summary:

Plan D notes that while altcoins are currently a profit zone for most investors with Bitcoin Dominance on the decline, the crypto market is not safely on an upward trajectory until Bitcoin breaks above $99,900.    Related Reading: Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next BTC Price Overview At press time, Bitcoin continues to trade at $97,903 after price gains of 0.72% and 3.95% in the past one and seven days respectively.

Bull Flag Or Bear Flag, Bitcoin Bulls To Call  In an X post on January 3, crypto analyst with username Plan D shared an analytical commentary on Bitcoin’s price.

Plan D stated the premier cryptocurrency is currently forming a "moon flag” that will face major resistance at $99,900.  A "moon flag” here likely refers to a chart pattern that will result in a dramatic price gain upon confirmation.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin resistance Bitcoin Btcusd Bitcoin Bull flag BTCUSDT Bear flag

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-04 @ 16:00:34 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24892256

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Main Topics: Crypto

Official Website: newsbtc.com

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