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 increase above $ 108,000 zone. BTC is now consolidating and can start a new increase if it knew $ 110,750
- Bitcoin started a new upward movement above $ 107,500 zone.
- The price is traded above $ 108,500 and the simple simple advancing average of 100 hours.
- There is a connecting bullish trend line that forms with support at $ 109,200 on the hourly table of the BTC/USD pair (data specialty).
- The couple could get Bullish Momentum if it knew the resistance of $ 110,750.
Bitcoin -Price consolidates profits
Bitcoin Price found support near the $ 106,650 zone and recently started an upward correction. BTC traded above the resistance levels of $ 107,500 and $ 108,000.
There was a movement above the 50% FIB racement level of the recent decrease of the $ 111,982 Swing high to $ 106,672 low. The price was even above the $ 110,000 resistance zone. However, the bears were active near the level of $ 110,200.
The price could not settle above the 61.8% FIB racement level of the recent decrease of the $ 111,982 Swing high to $ 106,672 low. Bitcoin is now traded above $ 108,500 and the 100 -hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 109,200 on the hour table of the BTC/USD pair.

At the top is immediate resistance near the level of $ 110,000. The first key resistance is near the level of $ 110,750. The next key resistance can be $ 111,800. A close -up resistance of $ 111,800 can further send the price. In the case mentioned, the price could rise and the resistance level of $ 113,000 tests. More profits can send the price to the $ 115,000 level.
Another decline in BTC?
If Bitcoin does not rise above the $ 110,000 resistance zone, this can start a different correction. Immediate support on the disadvantage is near the level of $ 109,200. The first major support is near the level of $ 108,500.
The next support is now near the $ 107,500 zone. More losses can send the price to the $ 106,200 support in the short term. The most important support is $ 105,000, 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 above 50 -level.
Important support levels – $ 108,500, followed by $ 107,500.
Large resistance levels – $ 110,000 and $ 110,750.