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Home»EXCHANGE NEWS»Bitcoin Steadies at Rally -Is another powerful brake out just in the future?
EXCHANGE NEWS

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

By Crypto FlexsOctober 6, 20253 Mins Read
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Bitcoin Steadies at Rally -Is another powerful brake out just in the future?
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Bitcoin Price has been trading more than $ 124,000, starting with a strong increase. BTC is now strengthening its profits and can aim for new meetings in the short term.

  • Bitcoin began to increase larger than the $ 123,500.
  • The price is more than $ 122,000, and it is trading more than a simple moving average per hour.
  • There is a short -term strong trend line that provides $ 123,000 support in the hourly chart of the BTC/USD pair.
  • If you organize the $ 124,500 zone, the pairs can continue to go up.

Bitcoin prices start a new rally

Bitcoin Price has begun a new increase over $ 120,000. The BTC has settled above the $ 121,500 resistance area to start moving.

The bull was able to pump more than $ 123,500 and $ 124,000. They even liquidated $ 125,000. It was the highest at $ 125,670 before a slightly full bag occurred for $ 122,250. The price is rising again, and it is traded at the 50%FIB, which has recently fallen from $ 122,320 at $ 125,670, and returns to the level.

BITCOIN is currently trading a simple $ 123,000 and a simple moving average of 100 hours. In addition, there is a short -term strong trend line with the support of $ 123,000 in the time -specific chart of the BTC/USD pair.

Source: TradingView.com BTCUSD

The immediate resistance of the rise is close to $ 124,000. The first major resistance is close to $ 124,500, or after 61.8% FIB, which has fallen from $ 125,670 to $ 122,320. The following resistance can be $ 125,500. More than $ 125,500 resistance, the price can be higher. If specified, the price rises to test $ 126,500. No more profit can spend the price to $ 128,000. The next barrier of the bull can be $ 130,000.

Disadvantages of BTC?

A new reduction may begin if Bitcoin does not rise from the $ 124,500 resistance zone. Immediate support is close to $ 123,000 and the trend line. The first main support is close to $ 122,250.

The next support is now near $ 121,500. Loss is no longer a price of $ 120,000 in the short term. The main support is $ 118,500, and the BTC below can struggle to recover in the short term.

Technical indicators:

Time MACD -MACD is now getting pace from the strong zone.

Time RSI (Relative Strength Index) -The RSI of BTC/USD now exceeds 50 levels.

Major support levels -$ 123,000, then $ 122,250.

Main resistance level -$ 124,500 and $ 125,500.

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