Bitcoin prices are trying to impress more than $ 120,000. BTC is currently integrated and can be steadily moving to $ 125,000.
- Bitcoin has begun a new increase in the $ 115,800 zone.
- The price is more than $ 119,000 and a simple transaction per hour.
- In the hourly chart of the BTC/USD pair (KRAKEN’s data feed), there was more than the weakness of $ 119,000.
- Removing a $ 120,500 resistance area can start another increase.
Bitcoin price eyes move fresh up fresh
Bitcoin Price has started modifications of $ 123,200 from the new best. The BTC fell below $ 120,000 and tested the $ 115,500 zone.
The minimum is formed at $ 115,730 and the price is currently trying to increase new. The bull was above to increase the level of resistance of $ 118,000 and $ 118,500. There was more than 50% FIB of the movement from a $ 115,730 low to $ 123,140, and there was more than a level of movements.
In addition, there was a break above the weak trend, with a resistance of $ 119,000 in the hourly chart of the BTC/USD pair. BITCOIN currently trades a simple $ 119,500 and 100 -hour simple moving average.
The immediate resistance of the rise is close to $ 120,200. The first main resistance is close to $ 121,400. It is close to the level after 76.4% fib of the move from $ 123,140 to $ 115,730. The following resistance can be $ 123,150.
The price may be higher than the resistance of $ 123,150. If specified, the price rises and can test the $ 124,200 resistance level. No more profit can spend the price to $ 125,000. The main goal can be $ 126,200.
Another reduction in BTC?
Another reduction may begin if Bitcoin does not rise from the $ 121,400 resistance zone. Immediate support is close to $ 119,000 and SMA per hour. The first main support is close to $ 117,500.
The next support is now near $ 115,500. Loss is no longer available for $ 113,500 in the short term. The main support is $ 110,500, and the BTC can continue to fall.
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.
Major support levels -$ 117,500, $ 115,500.
Main resistance level -$ 121,400 and $ 123,150.