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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.
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.