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 another fall below $ 83,500 zone. BTC is now consolidating and may have difficulty recovering above $ 83,850 zone.
- Bitcoin started a new decline under the $ 83,200 support zone.
- The price is traded under $ 83,000 and the simple simple advancing average of 100 hours.
- There is a connecting bullish trend line that forms with support at $ 82,550 on the hour table of the BTC/USD pair (data feed from Kraken).
- The couple can start a new decline if it remains under the $ 83,850 resistance zone.
Bitcoin -Price is reserved
Bitcoin price could not start a recovery wave and remained below the level of $ 85,500. BTC started another decrease and traded under the support area in $ 83,500. The bears were given strength for a movement under the $ 82,500 support zone.
The price even fell below the $ 82,000 level. A low point was formed at $ 81,320 before there was a recovery wave. There was a movement above the level of $ 82,500, but the bears were active near $ 83,850. The price is now consolidating and there was a decrease below the 50% FIB racement level of the upward movement of the $ 81,320 Swing low to $ 83,870 high.
Bitcoin price is now traded under $ 83,250 and the 100 simple advancing average per hour. There is also a connecting bullish trend line that forms with support for $ 82,550 on the hour table of the BTC/USD pair. At the top is immediate resistance near the level of $ 83,250. The first key resistance is near the level of $ 83,850.
The next key resistance can be $ 84,200. A close -up resistance of $ 84,200 can further send the price. In the declared case, the price could rise and the resistance level of $ 84,800 tests. More profits can send the price to the level of $ 85,000 or even $ 85,500.
Another decline in BTC?
If Bitcoin does not rise above the $ 83,850 resistance zone, this can start a new decline. Immediate support on the disadvantage is near the level of $ 82,550. The first major support is near the $ 82,250 level and the 61.8% FIB retracement level of the upward movement of the $ 81,320 Swing low to $ 83,870 High.
The next support is now near the $ 81,250 zone. More losses can send the price in the short term to the support of $ 80,000. The most important support is at $ 78,500.
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 below the 50 -level level.
Important support levels – $ 82,250, followed by $ 81,250.
Large resistance levels – $ 83,250 and $ 83,850.
