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Home»EXCHANGE NEWS»Will it be resistance and climbing?
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Will it be resistance and climbing?

By Crypto FlexsFebruary 12, 20252 Mins Read
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Will it be resistance and climbing?
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Bitcoin prices exceed the $ 96,200 support area. BTC has some positive signs and can try to meet more than $ 99,000.

  • Bitcoin has begun to recover more than $ 95,000.
  • The price is more than $ 96,000, a simple average transaction per hour.
  • There is a connecting bare lysch trend line with a resistance of $ 98,000 in the time chart of the BTC/USD pair (KRAKEN’s data feed).
  • The pair can start another increase by arranging a $ 98,000 area.

Bitcoin prices increase fresh eyes

Bitcoin prices did not maintain higher scores than $ 100,500. Another reduction has begun than the $ 97,500 zone. BTC has gained weak momentum with the movement of $ 96,000 and $ 95,000 or less.

It also had a spike under the level of 61.8% of the utilities, from $ 91,000 to $ 102,500, at a minimum of $ 102,500. The price was tested for $ 95,000, and recently recovered some losses. There was more than $ 96,000.

Bitcoin Price currently trades a simple average moving average of $ 97,000 and 100 hours. Conversely, immediate resistance is close to $ 98,000. There is also a connecting bearist trend line that is formed by a $ 98,000 resistance in the time chart of the BTC/USD pair.

Source: TradingView.com BTCUSD

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 $ 101,200 resistance level. No more profit can spend the price to $ 102,500.

Another reduction in BTC?

If Bitcoin does not exceed the $ 98,000 resistance area, a new reduction may begin. Immediate support for the shortcomings is close to $ 96,500. The first main support is nearly $ 95,500.

The next support is now nearly 76.4%of the upward waves, from $ 93,700 or 76.4%FIB to $ 102,500 at $ 91,000 swing to $ 102,500. Losss can no longer be priced with $ 92,000 in the short term. The main support is $ 91,000.

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 -$ 96,500, $ 95,500.

Main resistance level -$ 98,000 and $ 100,000.

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