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Home»EXCHANGE NEWS»Bitcoin prices slide again, causing new fear of deeper modifications.
EXCHANGE NEWS

Bitcoin prices slide again, causing new fear of deeper modifications.

By Crypto FlexsJune 5, 20253 Mins Read
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Bitcoin prices slide again, causing new fear of deeper modifications.
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Bitcoin Price started a new decline and tested the $ 104,200 zone. BTC is currently integrated and may have difficulty organizing the $ 106,800 resistance area.

  • Bitcoin has started an integration stage of more than $ 104,000.
  • The price is less than $ 106,000 and a simple transaction per hour.
  • There is a strong trend line that provides $ 104,450 support in the hourly chart of the BTC/USD pair.
  • The pair can start a new increase by removing the $ 106,800 resistance zone.

Bitcoin prices provide support

The Bitcoin Price has begun a new decline and traded under the $ 105,650 support area. The BTC even traded at $ 105,200 or less, testing the $ 104,200 zone.

The minimum is formed for $ 104,279 and the price is now integrated. There was more than $ 104,500, and after the recent $ 106,820 swing high, it was returned after a 23.6%FIB, which was recently decreased to $ 104,279.

Bitcoin is currently making less than $ 106,000 and less than a simple moving average per hour. There is also a strong trend line that provides $ 104,450 support on the BTC/USD pair. Conversely, immediate resistance is close to $ 105,500. Recently, it is close to the level of 50% FIB, which has recently decreased from $ 106,820 to $ 104,279.

Bitcoin price
Source: TradingView.com BTCUSD

The first main resistance is close to $ 106,220. The next key resistance can be $ 106,800. More than $ 106,800, the price can be higher. If specified, the price rises to test the $ 107,500 resistance level. No more profit can spend the price to $ 110,000.

Do you have more losses in BTC?

If Bitcoin does not exceed the $ 106,000 resistance area, another reduction may begin. Immediate support is close to $ 104,500 and the trend line. The first main support is close to $ 104,200.

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 now losing speed in the strong zone.

RSI (relative strength index) -The RSI of the BTC/USD is now less than 50.

Major support levels -$ 104,200, $ 103,200.

Main resistance level -$ 105,500 and $ 106,800.

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