Bitcoin (BTC) Support: $80,000, $73,777 Resistance: $94,620 (20-day EMA), $100,000 Support: Current price is holding well above $80K. Resistance: The 20-day EMA is currently near **$95,780**, confirming this level is the immediate target. Ethereum (ETH) Resistance: $3,148, $3,350 Target: $3,659 Current Price: Is around **$3,030** (converted from PKR data). Still needs to break and hold above the resistance band. Institutional confidence is rising, with low exchange reserves suggesting a potential supply shock. S&P 500 Support: 6,550 Resistance/Target: 6,920 Current Index: Is around 6,812.61. It has successfully bounced off the 6,550 support and is attempting to push toward new highs, supporting the cautious bullishness in the broader market. US Dollar Index (DXY) Resistance: 100.50 Potential Target: 102 Current Index: Is around 99.46. It is holding near the critical 100 level. A sustained break above 101 would confirm a new dollar uptrend, which is historically bearish for Bitcoin.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#DecemberRateCutForecast Asset / Index Key Levels Mentioned in Analysis Current Market Confirmation
Bitcoin (BTC) Support: $80,000, $73,777
Resistance: $94,620 (20-day EMA), $100,000 Support: Current price is holding well above $80K.
Resistance: The 20-day EMA is currently near **$95,780**, confirming this level is the immediate target.
Ethereum (ETH) Resistance: $3,148, $3,350
Target: $3,659 Current Price: Is around **$3,030** (converted from PKR data). Still needs to break and hold above the resistance band. Institutional confidence is rising, with low exchange reserves suggesting a potential supply shock.
S&P 500 Support: 6,550
Resistance/Target: 6,920 Current Index: Is around 6,812.61. It has successfully bounced off the 6,550 support and is attempting to push toward new highs, supporting the cautious bullishness in the broader market.
US Dollar Index (DXY) Resistance: 100.50
Potential Target: 102 Current Index: Is around 99.46. It is holding near the critical 100 level. A sustained break above 101 would confirm a new dollar uptrend, which is historically bearish for Bitcoin.