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.
Bitcoin price started a new decrease and tested the $ 104,200 zone. BTC is now consolidating and may have difficulty eradicating the $ 106,800 resistance zone.
- Bitcoin started a consolidation phase above the $ 104,000 zone.
- The price acts under $ 106,000 and the simple simple advancing average of 100 hours.
- There is a bullish trend line that forms with support for $ 104,450 on the hourly table of the BTC/USD pair (data specialty).
- The couple can start a new increase if it knew the $ 106,800 resistance zone.
Bitcoin -Price Dips to support
Bitcoin Price started a new decrease and traded under the $ 105,650 support zone. BTC even traded below the level of $ 105,200 and tested the $ 104,200 zone.
A low point was formed at $ 104,279 and the price is now losing consolidation. There was a movement above the level of $ 104,500 and the 23.6% FIB racement level of the recent decrease of the $ 106,820 Swing high to $ 104,279 low.
Bitcoin is now traded under $ 106,000 and the 100 -hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 104,450 on the hour table of the BTC/USD pair. At the top is immediate resistance near the level of $ 105,500. It is close to the 50% FIB racement level of the recent decrease of the $ 106,820 Swing high to $ 104,279 low.
The first key resistance is near the level of $ 106,220. The next key resistance can be $ 106,800. A close -up resistance of $ 106,800 can further send the price. In the case mentioned, the price could rise and the resistance level of $ 107,500 tests. More profits can send the price to the $ 110,000 level.
More losses in BTC?
If Bitcoin does not rise above the $ 106,000 resistance zone, this can start a new decline. Immediate support is close to the level of $ 104,500 and the trend line. The first major support is near the level of $ 104,200.
The next support is now near the $ 103,200 zone. More losses can send the price to the $ 102,500 in the short term. The most important support is $ 101,200, including BTC may get 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 below the 50 -level level.
Important support levels – $ 104,200, followed by $ 103,200.
Large resistance levels – $ 105,500 and $ 106,800.