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Bitcoin prices are struggling to organize $ 100,000 resistance. The BTC can move low again and decrease with the support of $ 95,000.
- Bitcoin has begun a new reduction in a $ 98,500 area.
- The price is less than $ 97,000, a simple transaction per hour.
- In the hourly chart of the BTC/USD pair (Krake’s Data Feed), there was a break under the major trend line with the support of $ 97,500.
- Pairs can start another increase by maintaining more than $ 96,000.
Bitcoin prices fall again
Bitcoin prices were higher than the level of $ 95,000. The BTC has begun to decrease more than $ 97,000, but has not been able to clean $ 98,800.
The best is $ 98,826 and the price is now lower. There was a movement of less than $ 97,000 and $ 96,500. The price dropped from the $ 95,352 swing to $ 98,826, and then returned to the level after 50% FIB.
In addition, the BTC/USD pair was rested under the main strong trend line with the support of $ 97,500. Bitcoin Price is now traded less than $ 96,500 and less than a simple moving average per hour.
Conversely, immediate resistance is close to $ 96,800. The first main resistance is close to $ 97,000. The next key resistance can be $ 98,000. More than $ 98,000, the price can be higher. If specified, the price rises and can test the resistance of $ 98,800. No more profit can be sent to $ 100,000 or $ 100,500.
Do you have more losses in BTC?
If Bitcoin does not exceed $ 97,000, a new reduction may begin. Immediate support for the shortcomings is close to $ 96,150 or 76.4%of FIB reversal levels, rising from $ 95,352 to $ 98,826. The first main support is nearly $ 95,500.
The next support is now near $ 95,000. Losss can no longer be priced with $ 93,500 in the short term. The main support is $ 92,200.
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 -$ 96,000, then $ 95,000.
Main resistance level -$ 97,000 and $ 98,000.