Bitcoin Price began a new increase compared to the $ 78,000 support area. The BTC must erase $ 95,000 to continue more short -term.
- Bitcoin started a new increase above the resistance area of ​​$ 90,000.
- The price is negotiated above $ 92,000 and the single mobile average of 100 hours.
- There is an upward connection line line that forms with support at $ 89,750 on the time table of the BTC / USD pair (Kraken data flow).
- The pair could start another drop if it does not stay above the $ 87,000 area.
Bitcoin Price Rallys over 10k
Bitcoin price prolonged losses Below the level of $ 80,000 before the appearance of Bulls. BTC exchanged as low as $ 78,011 and recently started a sharp increase. There was a decision above the resistance levels of $ 85,000 and $ 88,000.
The price has increased by more than 10% and crossed the level of $ 90,000. He tested the resistance of $ 95,000. A summit was formed at $ 95,000 and the price is now consolidating earnings. It is negotiated near the FIB trace level of 23.6% of the swing move of $ 84,500 at a summit of $ 95,000.
The Bitcoin Prize is now negotiated over $ 92,000 and the 100 hours on the simple mobile average. There is also a connected trendy line which forms with the support at $ 89,750 on the time table of the BTC / USD pair. Uplining, immediate resistance is close to the level of $ 94,000. The first resistance of the keys is close to the level of $ 95,000.
The next key resistance could be $ 96,500. A closing greater than the resistance of $ 96,500 could send the higher price. In the indicated case, the price could increase and test the resistance level by $ 98,500. Other gains could send the price at $ 100,000, or even $ 100,500.
Are DIPs supported in BTC?
If Bitcoin does not exceed the resistance zone of $ 95,000, this could start a new drop. Immediate downward support is close to the level of $ 92,000. The first major support is close to the level of $ 90,000.
The following support is now close to the $ 88,500 area and the FIB trace level at 50% of the upward rise from $ 84,500 to a level of $ 95,000. Other losses could send the price to the support of $ 87,000 in the short term. The main support is $ 85,500.
Technical indicators:
MacD Schedule – The MacD now wins the pace in the bullish area.
Schedule RSI (Relative resistance index) – The RSI for BTC / USD is now higher than level 50.
Major support levels – $ 92,000, followed by $ 90,000.
Major resistance levels – $ 94,000 and $ 95,000.
