Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Este Artículo También Está Disponible and Español.
Bitcoin price started a new rise and knew the $ 105,500 zone. BTC is now consolidating and can strive for a new increase to $ 108,000
- Bitcoin started a new upward movement of the $ 102,500 zone.
- The price is traded above $ 103,500 and the simple simple advancing average of 100 hours.
- There is an important bullish trend line that forms with support for $ 104,200 on the hour table of the BTC/USD pair (data feed from Kraken).
- The couple could get Bullish Momentum if it knew the $ 106,000 resistance.
Bitcoin -Price extends profits
Bitcoin price started a new increase in the $ 102,500 support zone. BTC formed a basis and was able to erase the $ 103,500 resistance zone. The bulls even pushed the price above $ 104,200.
The bulls even pumped the price above $ 105,000. A high was formed at $ 107,042 and the price now corrects profits. There was a movement below the level of $ 105,500. The price fell below the 50% FIB retracement level of the upward movement of the $ 103,346 Swing low to $ 107,042 high.
However, it is stable above $ 104,000. There is also a key Bullish trend line Forming with support for $ 104,200 on the hour table of the BTC/USD pair. Bitcoin now acts above $ 104,500 and the 100 simple advancing average per hour.
At the top is immediate resistance near the level of $ 105,500. The first key resistance is near the level of $ 106,000. The next key resistance can be $ 107,500. A close -up resistance of $ 107,500 can further send the price. In the case mentioned, the price could rise and the resistance level of $ 108,800 tests. More profits can send the price to the $ 110,000 level and a new highest high point.
Another decline in BTC?
If Bitcoin does not rise above the $ 105,500 resistance zone, this can start a different correction. Immediate support on the disadvantage is near the level of $ 104,500. The first major support is close to the level of $ 104,200 and the trend line.
The next support is now near the $ 103,500 zone. More losses can send the price to the $ 102,200 support in the short term. The most important support is $ 100,500, including BTC possibly Bearish Momentum.
Technical indicators:
HORLY MACD – The MACD now loses pace in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 104,200, followed by $ 103,500.
Important resistance levels – $ 105,500 and $ 106,000.