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.
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.