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Bitcoin Price has begun a new rise and has been trading at a new all -time high of $ 109,000. BTC is now integrated and can increase to $ 112,000.
- Bitcoin has begun a new rise in the $ 106,000 zone.
- The price is more than $ 107,000 and a simple move per hour.
- There is a major strong trend line that provides $ 107,800 support from the time chart of the BTC/USD pair (KRAKEN’s data feed).
- The pair can get an optimistic momentum by removing a $ 110,850 resistance.
Bitcoin prices set new ATHs
Bitcoin Price has begun a new increase in the $ 104,200 support area. The BTC was able to clean the $ 106,000 resistance area by forming a base. The bull has extracted the price at $ 107,500 or more.
The bull even pumped the price than the $ 109,000 resistance area. The price has been traded at a new record, nearly $ 110,698, and is currently consolidated after 23.6% FIB from the $ 104,270 swing to the lowest $ 110,698.
Bitcoin currently trades more than $ 108,000 and simple moving average per hour. There is also a major trend line that provides $ 107,800 support from the BTC/USD pair.
Conversely, immediate resistance is close to $ 110,850. The first main resistance is close to $ 112,000. The next key resistance can be $ 112,500. The price may be higher than the resistance of $ 112,500. If specified, the price rises and tests the $ 113,800 resistance level. No more profit can spend the price to $ 115,000.
Is DIP limited in BTC?
If Bitcoin does not exceed $ 112,000, you can start other modifications. Immediate support for the shortcomings is close to $ 109,000. The first main support is about $ 107,500, trend line and 50% FIB reversal level rises from $ 104,270 to $ 110,698.
The next support is now near $ 106,500. Loss is no longer a price of $ 105,000 in the short term. The main support is $ 104,200, and the BTC below can get a weak momentum.
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 -$ 109,000, then $ 107,500.
Main resistance level -$ 110,850 and $ 112,000.