Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Is it your breathing before the next movement?
EXCHANGE NEWS

Is it your breathing before the next movement?

By Crypto FlexsNovember 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is it your breathing before the next movement?
Share
Facebook Twitter LinkedIn Pinterest Email

This article is also available in Spanish.

Bitcoin price rose above $88,000. BTC is currently consolidating gains near $90,000 and may decline slightly in the near term.

  • Bitcoin expanded its gains and traded above the $88,000 level.
  • The price is trading above $86,500 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) has a bullish trendline attached with support at $85,200.
  • If it stays above the $85,000 area, the pair could continue to rise.

Bitcoin price sets another ATH

Bitcoin price began a new rise above the $85,000 level. BTC cleared the $86,500 resistance level and traded at a new all-time high. It hit a high of $89,852 and is currently consolidating gains.

It fell slightly below the $88,500 level. However, the price is still well above the 23.6% Fib retracement level of the rise from the $78,555 swing low to the $89,852 high. On the hourly chart of the BTC/USD pair, there is also a connecting bullish trendline with support at $85,200.

Bitcoin price is currently trading above $86,500 and the 100-hour simple moving average. On the other hand, the price may face resistance near $88,500. The first major resistance is near the $89,200 level.

Source: TradingView.com BTCUSD

A clear break above the $89,200 resistance could push the price higher. The next major resistance could be $90,000. A break above the $90,000 resistance could lead to further gains. If indicated, the price could move higher to test the $92,000 resistance level. Any more profits could push the price towards the $100,000 resistance level.

BTC’s downward correction begins?

If Bitcoin fails to rise above the $88,500 resistance zone, a downward correction could begin. Immediate support for the downside is near the $87,150 level.

The first major support is near the $84,500 level or trendline or the 50% Fib retracement level of the rise from the $78,555 swing low to the $89,852 high. The next support level is now near $82,000. More losses could push the price towards the $80,500 support in the near term.

Technical indicators:

Hourly MACD – MACD is now losing speed in bullish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now above the 80 level.

Key support levels – $87,150, $84,500.

Key resistance levels – $88,500 and $90,000.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025
Most Popular

The trader says he remains ‘very bullish’ on this gaming altcoin and updates his outlook on Arbitrum and Rendering.

April 12, 2024

Ethereum on-chain indicators point to the potential for an altcoin market rally, according to analytics firm CryptoQuant.

June 23, 2024

At this rate, Grayscale’s ETHE could run out of ether in a matter of weeks.

July 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.