Technical analysis by Etoro_Rodri16_invest about Symbol BTC: Sell recommendation (12/9/2024)

Bitcoin is currently experiencing a pullback after being rejected near the $102,000 resistance level. The price is now trading around $98,387, showing signs of bearish pressure. Indicators like the RSI suggest overbought conditions, and the MACD shows a potential loss of bullish momentum. If the price breaks below the support zone around $95,000-$96,000, a further drop toward $92,000 could be expected. For now, the trend leans downward in the short term unless strong buying volume returns.