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Home»EXCHANGE NEWS»Main level of support to watch
EXCHANGE NEWS

Main level of support to watch

By Crypto FlexsFebruary 6, 20252 Mins Read
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Main level of support to watch
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This article is also provided in Spanish.

Bitcoin prices began another reduction in the $ 102,500 zone. BTC trims profits and struggles over $ 96,500.

  • Bitcoin has begun a new reduction of less than $ 100,000.
  • The price is less than $ 99,500 and a simple transaction per hour.
  • There is a new connection bare lysch trend line that is formed as a resistance of $ 99,000 by resistance in the time chart (KRAKEN’s data feed) of the BTC/USD pair.
  • Pairs can start another increase by maintaining more than $ 95,500.

Bitcoin prices drop to less than $ 100,000

Bitcoin prices did not maintain higher scores than $ 102,500. Another reduction of less than $ 100,000 has begun. BTC has gained weak momentum to move below $ 98,500 and $ 97,500.

Bears has extracted the price from a $ 91,000 swing to the lowest $ 102,500 height and then extracted after 50% FIB. The price was tested for $ 96,500 and is currently integrated. There is also a new connection bearist trend line that is formed by a $ 99,000 resistance in the time chart of the BTC/USD pair.

Bitcoin Price is now less than $ 98,000 and less than a simple moving average per hour. Conversely, immediate resistance is close to $ 98,000. The first main resistance is close to $ 99,000.

Source: TradingView.com BTCUSD

The next key resistance can be $ 100,000. The price may be higher than the resistance of $ 100,000. If specified, the price rises and tests the $ 102,500 resistance level. No more profit can spend the price to $ 103,500.

Do you have more losses in BTC?

If Bitcoin does not exceed $ 99,000, a new reduction can begin. Immediate support for the shortcomings is close to $ 96,500. The first main support is that the level of $ 95,500 or 61.8%FIB is nearly 61.8%of the rise from $ 91,000 swing to $ 102,500.

The next support is now near $ 93,750. Loss is no longer a price of $ 95,500 in the short term.

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 -$ 96,500, $ 95,500.

Main resistance level -$ 99,000 and $ 100,000.

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