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Bitcoin Price has begun more new than the $ 105,500 zone. BTC is currently being integrated and can be aimed at more than $ 108,000 resistance.
- Bitcoin has begun more new than the $ 105,500 zone.
- The price is over $ 105,500, a simple transaction per hour.
- There is a strong trend line that provides $ 107,400 in the hourly chart of the BTC/USD pair.
- Pairs can begin new growth by maintaining more than $ 106,000.
Bitcoin prices benefit more
Bitcoin Price has begun more new than the $ 103,500 zone. The BTC got a pace and was able to go up to $ 104,200 and $ 105,500 to get into a positive area.
Bulls extracted the price above $ 106,500 and tested the price of $ 108,200. The highest is $ 108,165, and the price is currently consolidated than the return of 23.6% FIB from the $ 98,272 swing to $ 108,165.
Bitcoin currently trades a simple $ 106,000 and 100 -hour simple moving average. There is also a strong trend line that provides $ 107,400 support from the BTC/USD pair.
Conversely, immediate resistance is close to $ 108,000. The first main resistance is that the level of $ 108,200 or 1.236 FIB expansion is nearly downward at $ 106,470 at $ 98,276. More than $ 108,200 resistance, the price can be higher. If specified, the price rises and tests a $ 110,000 resistance level. No more profit can spend the price to $ 112,000.
Another fall of BTC?
Another reduction may begin if Bitcoin does not rise from the $ 108,500 resistance zone. Immediate support is close to $ 107,400 and the trend line. The first main support is nearly $ 105,500.
The next support is now near $ 104,000. Loss is no longer a price of $ 103,500 in the short term. The main support is $ 103,200, 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 is now exceeding level 50.
Major support levels -$ 107,400, $ 105,500.
Main resistance level -$ 108,500 and $ 110,000.