Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
How our news is made
Strict editorial policy which focuses on precision, relevance and impartiality
Diamond
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
Bitcoin Price began a recovery wave over the $ 105,000 area. BTC is now consolidated and could try to clear the resistance of $ 106,500.
- Bitcoin started a recovery wave over the $ 105,000 area.
- The price is traded over $ 105,000 and the single mobile average of 100 hours.
- There is an upward trend line forming with $ 105,350 support on the time graph of the BTC / USD pair (Kraken data flow).
- The pair could start a new drop if it breaks the support area of ​​$ 104,000.
Bitcoin price restarts increase
Bitcoin Price started a new drop and exchanged below the $ 102,500 support area. BTC even exchanged near the $ 100,000 area before the appearance of Bulls.
A hollow has been formed and the price recovered above the resistance of $ 103,500. The Bulls even pushed the price above the resistance of $ 105,000. A summit was formed at $ 106,426 and the price now consolidates the higher gains in the FIB trace level of 23.6% of the upward movement of $ 100,400 at $ 106,426.
Bitcoin is now negotiated over $ 105,000 and the single mobile average of 100 hours. There is also an upward trend line forming with a support at $ 105,350 on the time table of the BTC / USD pair.
Uplining, immediate resistance is close to the level of $ 106,200. The first resistance of the keys is close to the level of $ 106,500. The next resistance of the keys could be $ 107,600. A fence greater than the resistance of $ 107,600 could send the higher price. In the indicated case, the price could increase and test the resistance level by $ 108,800. Other gains could send the price at $ 110,000.
Another drop in the BTC?
If Bitcoin does not exceed the resistance zone of $ 106,200, it could start another drop. Immediate support is close to the level of $ 105,200 and the trend line. The first major medium is close to the level of $ 103,500 and the FIB trace level at 50% of the increase in the deployment of the swing of $ 100,400 in terms of $ 106,426.
The next support is now close to $ 102,000 zone. Other losses could send the price to the support of $ 100,500 in the short term. The main support is at $ 100,000, below which BTC could take a lower momentum.
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 – $ 105,200, followed by $ 103,500.
Major resistance levels – $ 106,200 and $ 107,600.
https://www.newsbtc.com/analysis/btc/bitcoin-price-bounces-sast-105k/
Source
