Bitcoin price began a new increase above the zone for $ 80,000. BTC is currently consolidating profits and can correct some to check the zone for $ 80,500.
- Bitcoin began a new increase above the zone for $ 80,000.
- The price is traded above 80 500 US dollars, and 100 hourly simple sliding average.
- There was a break above the key line of the bear trend with a resistance of 78 800 dollars in the hourly diagram of the BTC/USD pair (data feed from Kraken).
- The couple can start another increase if it cleanses the zone for $ 83,500.
The price of bitcoins increases from 5%
Bitcoin price began a new increase compared to the zone for $ 74,500. The BTC formed the base and reached the pace at a step higher than the resistance levels of 78,500 and 80,000 dollars.
Bulls pumped the price above the resistance of 80,500 dollars. There was a break above the key line of the bear trend with a resistance of 78,800 dollars in the hourly diagram of the BTC/USD pair. The couple even cleaned the resistance zone 82,500 dollars. The high maximum was formed in 83,548 US dollars, and the price is currently consolidating the increase higher than the FIB recovery level 23.6% to increase movement from a height of $ 74,572 to a maximum of $ 83,548.
The price of bitcoins is now trading above 80 200 and 100 hourly simple sliding average. On the other hand, immediate resistance approaches the level of $ 83,200. The first key resistance is located next to the level of $ 83,500.
The next key resistance can be 84,500 dollars. Close above the resistance of $ 84,500 can lead to a further price increase. In the declared case, the price can grow and check the resistance level of $ 85,800. Any benefits can send the price to the level of $ 88,000.
Are the failures supported in BTC?
If Bitcoin does not rise above the resistance zone of $ 83,500, it may begin to correct the deficiency. Direct support below is about 81,400 dollars. The first major support is located next to the level of 80,500 dollars.
The next support is currently located next to the zone for $ 79,500 or the level of recovery of 50% in a movement of movement from $ 74,572 to the maximum of $ 83,548. Any other losses can send a price of support of $ 78,000 in the near future. The main support costs $ 75,000.
Technical indicators:
The hourly macd – MACD is now gaining momentum in the bull zone.
The hourly RSI (relative force) – RSI for BTC/USD is now higher than the level of 50.
The main support levels are 81,400 US dollars, and then $ 80,500.
The main resistance levels are 83,500 US dollars and 84,500 US dollars.
