New Breakouts Signal Potential Upside

BTC has broken through the previously mentioned resistance zone of $106,622 – $105,725, continuing its upward move. This breakout reflects strong buying momentum and could lead to further gains.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The next resistance lies at $108,791. A strong, high-volume breakout above this level could push Bitcoin into a new leg of bullish movement, possibly testing new local highs.

Rejection Risk Still Exists

However, a rejection from this zone may indicate a temporary pause or retracement. Since $108,791 is a technically strong resistance, cautious risk management is advised for traders at these levels.

In terms of support, the previously broken resistance now becomes the new watch zone: the $106,622 – $105,725 area will likely act as support in the event of a pullback.

Close Monitoring Is Key

Tracking these levels closely is crucial for both short-term trading setups and longer-term positioning. With volatility increasing, a disciplined strategy remains the best defense.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Rally Continues After Breaking Resistance appeared first on Coin Engineer.

Bitcoin Daily Key Levels

BTC/USDT has gained 0.18% in the last 24 hours and is currently trading at $104,383. Bitcoin recently rebounded from the $101,000 support level, as previously indicated in analyses, and hit a new all-time high. If the uptrend continues, the resistance level stands at $105,766, while the support levels are at $103,668 and $101,000.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has risen by 1.95% in the last 24 hours and is trading at $3,943. Key resistance levels for Ethereum are at $3,988 and $4,025, while the support levels are at $3,942 and $3,886.

MultiversX (EGLD): EGLD/USDT has dropped 5.54% in the last 24 hours and is trading at $44.5. Resistance levels are at $48 and $49.3, with support zones at $44.3 and, in case of deeper declines, $40.

Fantom (FTM): The FTM/USDT pair surged 9.49% in the last 24 hours and is trading at $1.36. Resistance levels are $1.46 and $1.60, while support levels are at $1.39 and $1.34 for lower zones.

Pyth Network (PYTH): PYTH/USDT gained 6.58% in the last 24 hours and is currently trading at $0.465. Resistance levels for PYTH are $0.475 and $0.50, while support lies at $0.45 and $0.433 if declines deepen.

Trending Coins

In the past 24 hours, the top trending coins include Hyperliquid (HYPE), Ondo (ONDO), and Virtuals Protocol (VIRTUAL). Among the top gainers are Moca Coin (MOCA), Fartcoin (FARTCOIN), and Virtuals Protocol (VIRTUAL). On the other hand, Metars Genesis (MRS), Galxe (GAL), and DeXe (DEXE) lead the losers’ list.

Bitcoin Liquidation Map

A look at Bitcoin’s 12-hour liquidation map reveals notable levels:

• Upper-side liquidation: $44.5 million at $107,292.
• Lower-side liquidation: $58.5 million at $104,106.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post The Latest on Bitcoin and Cryptocurrencies: December 16 appeared first on Coin Engineer.