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 slowly moves higher above $ 86,500 zone. BTC wins pace and can remain higher in the short term.
- Bitcoin found support for $ 84,200 and started a recovery wave.
- The price is traded above $ 85,500 and the simple simple advancing average of 100 hours.
- There was a break above a connecting bearish trend line with resistance at $ 85,000 on the hour table of the BTC/USD pair (data feed from Kraken).
- The couple could start a different increase if it knew the $ 88,000 zone.
Bitcoin -Rise stable price eyes
Bitcoin price remained stable above the level of $ 83,200 and started a new increase. BTC was able to climb above the resistance levels of $ 84,200 and $ 85,000.
There was a break over a connecting bearish trend line with resistance at $ 85,000 on the hour table of the BTC/USD pair. The bulls could pump the price above the $ 86,500 resistance. It was even above $ 87,000. A high is formed near $ 87,562 and the price can continue to rise unless there is a movement below the 23.6% FIB retraction level of the upward movement of the $ 84.007 Swing low to $ 87,562 high.
Bitcoin price is now traded above $ 86,500 and the 100 simple advancing average per hour. At the top is immediate resistance near the level of $ 87,500. The first key resistance is near the level of $ 88,000.
The next key resistance can be $ 88,800. A close by $ 88,800 can further send the price further. In the case mentioned, the price could rise and the resistance level of $ 89,500 tests. More profits can send the price to the $ 90,000 level.
Disadvantage correction in BTC?
If Bitcoin does not rise above the $ 88,000 resistance zone, this can start a downward correction. Immediate support on the disadvantage is close to the $ 87,000 level. The first major support is near the level of $ 86,750.
The next support is now near the $ 86,000 zone. More losses can send the price to the support of $ 85,750 or the 50% FIB retraction level of the upward movement of the $ 84.007 Swing low to $ 87,562 high in the short term. The most important support is $ 84,850.
Technical indicators:
MACD per hour – The MACD now wins pace in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 86,750, followed by $ 86,000.
Important resistance levels – $ 87,500 and $ 88,000.
