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Bitcoin price started a new fall in the $ 95,000 resistance zone. BTC is back below $ 90,000 and can stay down.
- Bitcoin started a new fall in the $ 95,000 resistance zone.
- The price is under $ 92,000 and the simple simple advancing average of 100 hours.
- There was a break under a connecting bullish trend line with support at $ 88,000 on the hour table of the BTC/USD pair (data feed from Kraken).
- The couple can start a new decrease if it does not remain above $ 82,250 zone.
Bitcoin -price falls more than 10%
Bitcoin price exceeded the resistance levels of $ 88,000 and $ 90,000. BTC tested the $ 95,000 resistance where it was confronted with a strong resistance. The prize could not retain profits and started a new decrease of less than $ 92,000.
There was a movement among the support levels of $ 92,000 and $ 90,000. The price dived more than 10% and traded under the 50% FIB racement level of the upward relocation of the $ 84,500 Swing low to the $ 95,000 high. There was also a break under a connecting bullish trend line with support for $ 88,000 on the hour table of the BTC/USD pair.
Bitcoin Price is now traded under $ 90,000 and the 100 -hour simple advancing average. At the top is immediate resistance near the level of $ 85,000. The first key resistance is near the level of $ 86,600.
The next key resistance can be $ 88,500. A close -up resistance of $ 88,500 can further send the price. In the case mentioned, the price could rise and the resistance level of $ 90,000 tests. More profits can send the price to the level of $ 92,000 or even $ 93,500.
More losses in BTC?
If Bitcoin does not rise above the $ 88,000 resistance zone, this can start a new decline. Immediate support on the other hand is close to the $ 82,250 level and the FIB retracement level of 76.4% of the upward movement of the $ 84,500 Swing low to $ 95,000 high. The first major support is near the level of $ 80,000.
The next support is now near the $ 78,500 zone. More losses can send the price in the short term to the support of $ 76,000. The most important support is $ 75,000.
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 – $ 82,250, followed by $ 80,000.
Important resistance levels – $ 88,000 and $ 90,000.