Reason to trust
Strict editing policies focused on accuracy, relevance and fairness
It was produced by an industry expert and examined three severely.
Best standard of reporting and publishing
Strict editing policies focused on accuracy, relevance and fairness
Lion’s soccer prices and players are soft. Each Arcu Lorem, all children or ULLAMCORPER FOOTBALL MATE is Ultricies.
This article is also provided in Spanish.
Bitcoin Price started a new drop and tested the $ 104,600 zone. BTC is currently integrated and may have difficulty recovering more than $ 107,500.
- Bitcoin has begun a new reduction from the $ 107,500 zone.
- The price is less than $ 107,000 and a simple transaction per hour.
- There is a connecting bare leche trend line formed by a $ 107,550 resistance in the time chart (KRAKEN’s data feed) of the BTC/USD pair.
- Pairs can be extended by stopping the $ 104,000 support area.
Bitcoin prices fall further
The Bitcoin Price has begun a new decline and is traded over the $ 107,500 support area. The BTC was traded at less than $ 105,600 and tested the next support at $ 104,600.
The minimum is formed for $ 104,604 and the price is now integrated. There was more than $ 105,200, but the price is still lower than the 23.6%FIB, which has recently decreased from the top of $ 110,500 to $ 104,604.
Bitcoin is currently dealing with less than $ 107,000 and less than a simple moving average per hour. Conversely, immediate resistance is close to $ 106,000.
The first main resistance is close to $ 107,000. The next key resistance can be $ 107,500. There is also a connecting bearish trend line that is formed by a $ 107,550 resistance in the time chart of the BTC/USD pair. The recent $ 110,500 swing to $ 104,604 is close to 50% FIB, which has recently been reduced.
More than $ 107,500, the price can be higher. If specified, the price rises and tests the $ 108,000 resistance level. No more profit can spend the price to $ 110,000.
Another fall of BTC?
Another reduction may begin if Bitcoin does not rise from the $ 107,500 resistance zone. Immediate support is close to $ 104,500. The first main support is close to $ 104,000.
The next support is now near $ 103,200. Loss is no longer available for $ 102,500 in the short term. The main support is $ 101,200, and the BTC below can get a weak momentum.
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 -$ 104,000, then $ 103,200.
Main resistance level -$ 106,000 and $ 107,000.