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Home»EXCHANGE NEWS»Bitcoin Price is deep but close to $ 100k: fullback or lunch pad?
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Bitcoin Price is deep but close to $ 100k: fullback or lunch pad?

By Crypto FlexsJanuary 28, 20253 Mins Read
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Bitcoin Price is deep but close to $ 100k: fullback or lunch pad?
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Bitcoin prices are nearly $ 107,000 and have been modified. BTC is currently approaching $ 100,000 and you can find bidding in the short term.

  • BITCOIN has started modifying disadvantages in the $ 107,000 zone.
  • The price is less than $ 103,500 and a simple transaction per hour.
  • In the hourly chart of the BTC/USD pair (KRAKEN’s data feed), there was a break under the strong trend line connected with the support of $ 104,800.
  • The pair can start another increase by writing beyond the $ 100,000 support area.

Bitcoin prices fall again

Bitcoin PRICE has begun to rise up above $ 105,500. BTC was able to increase $ 106,000 and $ 106,500.

The bull even extracted the price to more than $ 107,000. But bears have been activated beyond $ 107,000. The best is formed for $ 107,080 and the price is now fixed. There was a movement of less than $ 105,000.

In addition, there was a break under the strong trend line connected with the support of $ 104,800 in the time chart of the BTC/USD pair. The pair tested a $ 100,700 area. Low is formed at $ 100,700, and now the pair is integrating the loss.

Bitcoin Price is now a transaction of less than $ 103,500 and less than a simple moving average per hour. Conversely, immediate resistance is close to $ 102,200 or nearly 23.6% FIB reversal from $ 107,080 swing high to $ 100,700.

The first main resistance is close to $ 104,000. It is close to the 50% FIB reversal level of downward movement from $ 100,700 at $ 10,080 swing height. Clear movements above $ 104,000 can send the price higher. The next key resistance can be $ 105,000.

More than $ 105,000 resistance, 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 $ 107,000.

Do you have more losses in BTC?

If Bitcoin does not rise from the $ 102,200 resistance area, you can start modifying disadvantages. Immediate support for the shortcomings is close to $ 100,500. The first main support is close to $ 100,000.

The next support is now near $ 88,500. Loss is no longer a price of $ 86,500 in the short term.

Technical indicators:

Time MACD -MACD is currently getting a face from the weak area.

RSI (relative strength index) -The RSI of the BTC/USD is now less than 50.

Major support levels -$ 100,500, $ 100,000.

Main resistance level -$ 102,200 and $ 104,000.

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