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Bitcoin price started a recovery wave above $ 80,000 zone. BTC is now rising and can strive for a movement above the levels of $ 84,000 and $ 85,000.
- Bitcoin started a decent wave above $ 80,000 zone.
- The price is traded above $ 82,000 and the simple simple advancing average of 100 hours.
- There is a connecting bullish trend line that forms with support at $ 82,000 on the hourly table of the BTC/USD pair (data specialty).
- The couple could start a new increase if it knew the $ 84,000 and $ 85,000 levels.
Bitcoin -Price eyes outbreak
Bitcoin price remained strong above the level of $ 78,000. BTC formed a basis and recently started a recovery wave above the resistance level of $ 80,000.
The bulls pushed the price above the resistance level of $ 82,000. The price exceeded the 23.6% FIB retracement level of the downward wave of $ 91,060 Swing high to $ 76,820 low. De Beren, however, are now active in the vicinity of the $ 84,000 resistance zone.
Bitcoin price is now traded above $ 82,000 and the 100 simple advancing average. There is also a connecting bullish trend line that forms with support for $ 82,000 on the hour table of the BTC/USD pair.
At the top is immediate resistance near the level of $ 84,000 and the 50% FIB retracement level of the downward wave of the $ 91,060 Swing high to $ 76,820 low. The first key resistance is near the $ 85,000 level. The next key resistance can be $ 85,650.
A close -up resistance of $ 85,650 can further send the price. In the case mentioned, the price could rise and the resistance level of $ 86,500 tests. More profits can send the price to the $ 88,000 level or even $ 96,200.
Another drop in BTC?
If Bitcoin does not rise above the $ 84,000 resistance zone, this can start a new decline. Immediate support on the disadvantage is near the level of $ 82,000 and the trend line. The first major support is near the level of $ 81,200.
The next support is now near the $ 80,000 zone. More losses can send the price to $ 78,000 support in the short term. The most important support is at $ 76,500.
Technical indicators:
MACD per hour – The MACD now wins pace in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 82,000, followed by $ 81,200.
Important resistance levels – $ 84,000 and $ 85,000.