Bitcoin price began a fresh step upwards above $ 103 $ 200. BTC is currently correcting profit and may return to the support zone of $ 102,000.
- Bitcoin began a decent step upward above the zone for $ 103,200.
- The price is traded above $ 103,000 and 100 an hourly simple sliding average.
- On the hourly schedule of the BTC/USD pair (Kraken data presentation, there is a key line of bull trend with support of $ 103,500.
- The couple can start another increase if it remains higher than the zone of $ 102,000.
Bitcoin price is restored above $ 102,000
Bitcoin price began a decent increase above the resistance zone by $ 101,500. BTC was able to surpass the resistance levels of $ 102,200 and $ 103,200 to go to a positive zone.
This even cleared the resistance zone of 104,500 dollars. The couple settled in a positive zone and now encounters obstacles near the zone of 106,500 dollars. The high was formed at the level of $ 106,414, and the price is currently correcting profit. There was a step below the level of $ 105,000.
Currently, he checks the level of FIB recovery 23.6% in an increase in the movement from high swinging $ 97,688 to a maximum of $ 106,414. The price of bitcoins is now trading above 103,000 US dollars and 100 hourly simple sliding average.
There is also a key bull line, which is formed with support of 103,500 US dollars in the hourly diagram of the BTC/USD pair. On the other hand, immediate resistance approaches 105,500 dollars. The first key resistance is located near the level of 106,500 dollars. The next key resistance can be $ 107,000.
Close above the resistance in the amount of 107,000 US dollars can lead to a further price increase. In the declared case, the price can rise and check the resistance level of $ 108,800. Any benefits can send the price to the level of 110,000 dollars.
Another decline in BTC?
If Bitcoin does not rise above the resistance zone of $ 105,000, it can begin a new decline. Direct support below is about 103,500 dollars. The first major support is located at the level of 102,500 US dollars, and the recovery level of 50% in high swinging in the amount of $ 97,688 to a maximum of $ 106,414.
The next support is now located next to the zone of $ 102,000. Any other losses can send support for support in the amount of $ 100,500 in the near future.
Technical indicators:
The hourly macd – Macd is now losing the pace 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 $ 103,500, followed by $ 102,500.
The main levels of resistance are $ 105,500 and US $ 106,500.
