Technical analysis by NoFomoCharts about Symbol BTC on 12/31/2024

Bitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024).Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000.Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.Date: 12/30/2024 pm