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Bitcoin prices have begun to increase steadily from $ 86,500. BTC is now modifying profits and can find bidding near $ 87,000.
- Bitcoin has begun a significant recovery wave of more than $ 87,000.
- The price is more than $ 86,800, a simple transaction per hour.
- In the BTC/USD pairs, the strong trend line is formed with the support of $ 87,400 in the time chart (KRAKEN’s data feed).
- Pairs can start another increase by removing $ 88,000 and $ 88,800.
Bitcoin prices begin to integrate
Bitcoin prices are maintained more stable than $ 84,200. The BTC has formed the basics and has recently begun recovery of more than $ 86,500.
BULLS was higher than $ 88,000. But bears worked near the $ 88,800 resistance area. The recent swing high has been formed at $ 88,500 and the price has been revised slightly. There was a movement of less than $ 88,000.
The price was $ 86,306 swing to the lowest $ 88,500 height, and after 50% FIB of the movement, it turned back and tested. Bitcoin Price currently trades more than $ 86,500 and a simple moving average per hour. There is also a strong trend line that provides $ 87,400 support from the time chart of the BTC/USD pair.
Conversely, the immediate resistance is close to $ 88,000. The first main resistance is close to $ 88,500. The next key resistance can be $ 88,800.
The price may be higher than the resistance of $ 88,800. If specified, the price rises and can test the resistance of $ 89,500. You can no longer send the price to $ 90,000 or $ 90,500.
Do you have more losses in BTC?
If Bitcoin does not exceed the $ 88,000 resistance area, a new reduction may begin. Immediate support for the shortcomings is close to $ 87,400 and the trend line. The first main support is close to $ 87,150 or at a swing of $ 86,306 to $ 88,500, which is close to 61.8% FIB.
The next support is now near $ 86,500. Loss is no longer a price of $ 85,000 in the short term. The main support is $ 84,500.
Technical indicators:
Time -MACD -MACD is now losing speed in the strong zone.
Time RSI (Relative Strength Index) -The RSI of BTC/USD is now exceeding level 50.
Main support level -$ 87,400, then $ 87,150.
Main resistance level -$ 88,000 and $ 88,800.