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BITCOIN PRICE ANALYSIS & PREDICTION (December 24) – Bitcoin May Dip To $85k If This Channel’s Support Breaks, Down 12% Weekly

  • Bitcoin lost more than 12% in the past week and found support at a channel's lower boundary.
  • It recovered to nearly $100k but faced resistance and dropped to $95.2k.
  • If bulls regain control, a rally above $100k is possible, but dropping off the channel may lead to a bigger drop towards a six-week low.
  • Key resistance levels to watch are $99,540, $106,648, and $108,353 while key support levels are $92,232, $85,072, and $81,500.

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