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 fall below $ 106,000 zone. BTC is now consolidating and can soon strive for a new increase in the $ 105,500 zone.
- Bitcoin started a new fall below $ 106,000 zone.
- The price is traded under $ 105,500 and the simple simple advancing average of 100 hours.
- There is an important bearish trend line that forms with resistance at $ 104,850 on the hourly table of the BTC/USD pair (data specialty).
- The couple can start a new increase if it remains above $ 103,500 zone.
Bitcoin -Price is reserved
Bitcoin price started a new fall below $ 107,500 zone. BTC became pace and fell under the levels of $ 106,200 and $ 106,000.
There was a clear movement below the support level of $ 105,000. Finally, the price tested the $ 103,500 zone. A layer was formed at $ 103,400 and the price started a consolidation phase. It climbed above the 23.6% FIB retracement level of the downward movement of the $ 108,925 Swing high to $ 103,400 low.
However, the bears were active under the $ 105,000 zone. Bitcoin now acts below $ 105,000 and the 100 -hour simple advancing average. There is also an important bearish trend line that forms with resistance to $ 104,850 on the hour table of the BTC/USD pair.
At the top is immediate resistance near the level of $ 105,000. The first key resistance is near the level of $ 105,500. The next key resistance can be $ 106,150. It is close to the 50% FIB racement level of the downward movement of the $ 108,925 Swing high to $ 103,400 low.
A nearby $ 106,150 resistance can further send the price. In the case mentioned, the price could rise and the resistance level of $ 108,000 tests. More profits can send the price to the level of $ 108,800.
Another drop in BTC?
If Bitcoin does not rise above the $ 105,000 resistance zone, this can start a new decline. Immediate support is close to the level of $ 104,150. The first major support is near the level of $ 103,500.
The next support is now near the $ 102,500 zone. More losses can send the price to the $ 101,200 support in the short term. The most important support is $ 100,000, including BTC a bearish Momentum.
Technical indicators:
MACD per hour – the MACD now loses pace in the Bearish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 104,150, followed by $ 103,500.
Important resistance levels – $ 105,000 and $ 106,200.