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Home»EXCHANGE NEWS»Bitcoin prices rise again. Are Bulls charging for the new high?
EXCHANGE NEWS

Bitcoin prices rise again. Are Bulls charging for the new high?

By Crypto FlexsJune 10, 20253 Mins Read
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Bitcoin prices rise again. Are Bulls charging for the new high?
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Bitcoin Price has begun more new than the $ 106,000 zone. BTC is now integrated and can try to remove $ 110,500 resistance.

  • Bitcoin has begun new upward measures beyond $ 107,000.
  • The price is more than $ 107,000 and a simple move per hour.
  • There is a strong trend line that provides $ 106,850 support in the hourly chart of the BTC/USD pair.
  • The pair can begin a new reduction by destroying the $ 105,000 support area.

Bitcoin prices speed up

Bitcoin Price has begun a new increase after settling more than $ 103,500. The BTC was able to surpass $ 104,400 and $ 105,000 resistance.

The bull even pumped more than $ 108,000 resistance. The highest is $ 110,550, and the price is currently up to $ 110,550 from $ 100,400 to $ 110,550, and after 23.6% FIB of the rise, it is higher than the return.

Bitcoin currently trades more than $ 108,000 and simple moving average per hour. There is also a strong trend line that provides $ 106,850 in the BTC/USD pair.

Bitcoin price
Source: TradingView.com BTCUSD

Conversely, the immediate resistance is close to $ 110,000. The first main resistance is close to $ 110,500. The next key resistance can be $ 112,500. The price may be higher than the resistance of $ 112,500. If specified, the price rises and tests the $ 113,800 resistance level. No more profit can spend the price to $ 115,000.

Another reduction in BTC?

Another reduction may begin if Bitcoin does not rise from $ 110,500 resistance zones. Immediate support is close to $ 108,200. The first main support is about $ 106,500 and the trend line.

The next support is now close to the $ 105,500 zone and the 50% FIB reversal level is increased from $ 100,400 to $ 110,550. Loss is no longer a price of $ 103,500 in the short term. The main support is $ 102,000, and the BTC below can be weak.

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 -$ 108,000, $ 106,500.

Main resistance level -$ 110,500 and $ 112,500.

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