Bitcoin Price has begun a new surge of more than $ 102,000. BTC is increasing and aims to move to $ 107,500 resistance.
- Bitcoin began to increase more powerful than $ 100,500.
- The price is more than $ 102,500, or more than a simple moving average per hour.
- There is a new connection trend line that provides $ 103,500 support in the hourly chart of the BTC/USD pair.
- The pair can start another increase by arranging the $ 105,000 zone.
Bitcoin prices are aimed for more profit
Bitcoin Price has begun a new increase in $ 96,500. The BTC was able to clean up a $ 98,800 resistance area by forming a base. The bull even extracted the price to more than $ 102,000.
This pair surged more than $ 104,500 and tested $ 105,000. The highest is formed for $ 104,943, and the price is currently consolidated than the return of 23.6% FIB from the $ 95,825 swing to $ 104,943 height.
BITCOIN currently trades a simple $ 103,500 and a simple moving average of 100 hours. There is a new connection trend line with the support of $ 103,500 on the time chart of the BTC/USD pair.
Conversely, the immediate resistance is close to $ 104,500. The first main resistance is close to $ 105,000. The next key resistance can be $ 105,500. More than $ 105,500, the price can be higher. If specified, the price rises and tests the $ 106,200 resistance level. No more profit can spend the price to $ 108,000.
Is DIP support in BTC?
If Bitcoin does not exceed the $ 104,500 resistance area, you can start another disadvantage. Immediate support for the shortcomings is close to $ 103,500 and trend line. The first main support is nearly $ 102,800.
The next support is now near the $ 100,500 zone, and the level of the $ 95,825 swing is up to $ 104,943 high, and the level is back after 50% FIB. Loss is no longer a price of $ 98,800 in the short term. The main support is $ 97,500.
Technical indicators:
Time MACD -MACD is now getting pace from the strong zone.
Time RSI (Relative Strength Index) -The RSI of BTC/USD now exceeds 50 levels.
Major support levels -$ 103,500, $ 102,800.
Main resistance level -$ 104,500 and $ 105,000.