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Bitcoin price started a new decrease and tested the $ 100,500 zone. BTC is now consolidating and can losing losing under the level of $ 100,000.
- Bitcoin started a new fall below $ 104,000 zone.
- The price acts under $ 104,000 and the simple simple advancing average of 100 hours.
- There was a break under an important bullish trend line with support at $ 104,600 on the hourly table of the BTC/USD pair (data specialty).
- The couple can start a new decline if it breaks the $ 100,500 support zone.
Bitcoin -price drops further
Bitcoin Price started a new decrease and was traded under the $ 104,500 support zone. BTC even settled below the level of $ 104,200 to enter a bearish zone in the short term.
By the way, there was a break under an important bullish trend line with support for $ 104,600 on the hour table of the BTC/USD pair. Finally, the couple tested the $ 100,500 support zone. A low point was formed at $ 100,400 and the price is now losing to consolidate.
There was a movement above the level of $ 101,500. BTC tested the 23.6% FIB racement level of the recent decrease of the $ 106,820 Swing high to $ 100,400 low.
Bitcoin is now traded under $ 103,000 and the 100 -hour simple advancing average. At the top is immediate resistance near the level of $ 102,000. The first key resistance is near the level of $ 103,200. The next key resistance can be $ 103,600. It is close to the 50% FIB racement level of the recent decrease of the $ 106,820 Swing high to $ 100,400 low.
A close -up resistance of $ 103,600 can further send the price. In the indicated case, the price can rise and the resistance level of $ 104,200 tests. More profits can send the price to the $ 105,000 level.
More losses in BTC?
If Bitcoin does not rise above the $ 103,200 resistance zone, this can start a decrease. Immediate support is close to the level of $ 101,200 and the trend line. The first major support is near the level of $ 100,500.
The next support is now near the $ 100,000 zone. More losses can send the price in the short term to the support of $ 98,500. The most important support is $ 97,200, including BTC possibly acquires Beerarish Momentum.
Technical indicators:
MACD per hour – The MACD now wins pace in the bearish zone.
Picly RSI (relative strength -index) -The RSI for BTC/USD is now below the 50 -level level.
Important support levels – $ 101,200, followed by $ 100,500.
Important resistance levels – $ 102,000 and $ 103,600.