Question #191 ·
What is Bitcoin’s recent price range and which support and resistance levels should beginners know?
- Bitcoin’s recent price has oscillated between roughly one hundred four thousand dollars and one hundred fifteen thousand dollars with support near one hundred ten thousand and resistance around one hundred fourteen thousand Right answer
- Bitcoin’s recent price ranged between about one hundred two thousand and one hundred twelve thousand dollars during this period with support near one hundred thousand and resistance around one hundred thirteen thousand
- Bitcoin recently traded between roughly one hundred thousand and one hundred twenty thousand dollars over the past weeks with support near one hundred five thousand and resistance around one hundred twenty thousand
Why is this the correct answer?
This is correct because Bitcoin has traded between about $104,000 and $115,000 over recent weeks, and technical analysis shows key price floors at around $110,000 and ceilings near $114,000, which are essential levels for beginners to watch when considering buy or sell points.