Question #172 ·
What recent price highs and lows has Bitcoin seen and what are its support and resistance levels?
- Bitcoin recently peaked at $114,342 and dipped to $107,012, trading over support around $108,000 with resistance at $116,000 soon then
- Bitcoin achieved a maximum price of $113,479 and a minimum of $106,000, finding support at $111,000 and resistance near $115,500
- Bitcoin recently reached a high of $115,615 and a low of $104,399 with support around $110,000 and resistance near $115,000 Right answer
Why is this the correct answer?
Highs and lows show the range in which Bitcoin has traded over a recent period, illustrating volatility. The support level is a price floor where buying interest may increase, here near $110,000, while resistance is a ceiling where selling pressure might arise, around $115,000. Recognizing these levels helps beginners anticipate potential price rebounds or pullbacks.