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Bitcoin prices are slowly higher than $ 86,500. BTC is speeding up and can be higher in the short term.
- Bitcoin was supported for $ 84,200 and began to recover.
- The price is more than $ 85,500 and a simple moving average per hour.
- In the hourly chart of the BTC/USD pair (KRAKEN’s data feed), there was a break on the connected bearry trend line with $ 85,000 resistance.
- The pair can start another increase by arranging the $ 88,000 zone.
Bitcoin price eyes are steadily increasing
Bitcoin prices were maintained more stable than $ 83,200 and began to increase new. BTC was able to increase the level of resistance of $ 84,200 and $ 85,000.
There was a break on the connected bearry trend line with a $ 85,000 resistance on the hourly chart of the BTC/USD pair. The bull has been able to pump more than $ 86,500 resistance. It even surged to more than $ 87,000. The maximum is formed near $ 87,562, and the price can continue to rise if the price is not lower than the level of 23.6% FIB from $ 84,007 to $ 87,562.
Bitcoin Price currently trades more than $ 86,500 and a simple moving average per hour. Conversely, immediate resistance is close to $ 87,500. The first main resistance is close to $ 88,000.
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. No more profit can spend the price to $ 90,000.
Disadvantages of BTC?
If Bitcoin does not exceed the $ 88,000 resistance area, the disadvantage can begin. Immediate support for the shortcomings is close to $ 87,000. The first main support is nearly $ 86,750.
The next support is now near $ 86,000. No more losses can be sent to $ 85,750, and in the short term, you can increase the level after 50% FIB from $ 84,007 swing to $ 87,562. The main support is $ 84,850.
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.
Main support level -$ 86,750, then $ 86,000.
Main resistance level -$ 87,500 and $ 88,000.