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Bitcoin Price has begun a new increase and clears the $ 103,500 zone. BTC is currently integrated and aims to organize the $ 105,000 zone.
- Bitcoin has begun a new rise in the $ 101,500 area.
- The price is more than $ 103,000 and a simple move per hour.
- In the BTC/USD pair, there was a break on the connected bearry trend line with a resistance of $ 103,950 in the time chart of the BTC/USD pair.
- The pair can be strengthened by removing $ 105,000 resistance.
Bitcoin prices are higher
Bitcoin Price has begun a new increase in the $ 101,500 support area. The BTC was able to form the default and erase the $ 102,500 resistance zone. The bull even extracted the price to more than $ 103,200.
At $ 104,980 Swing High to $ 101,441, there was more than 50% FIB of downward movement. In addition, there was a break on the connected bearry trend line with a $ 103,950 resistance on the time chart of the BTC/USD pair.
BITCOIN currently trades a simple $ 103,200 and a 100 -hour simple moving average. Conversely, immediate resistance is close to $ 104,150 or 76.4%of FIB reversal levels.
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 will rise and test the $ 106,500 resistance level. No more profit can spend the price to $ 108,000.
Another reduction in BTC?
If Bitcoin does not exceed the $ 104,200 resistance area, you can start different modifications in the short term. Immediate support for the shortcomings is close to the $ 103,200 level and the simple moving average per hour. The first main support is close to $ 102,500.
The next support is now near $ 101,500. Loss is no longer a price of $ 100,000 in the short term. The main support is $ 98,800, 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 -$ 102,500, $ 101,500.
Main resistance level -$ 104,200 and $ 105,000.