Bitcoin price began by another decrease below the zone for $ 96,200. BTC re -tests the support zone in the amount of $ 95,000 and may fight for the restoration of losses.
- Bitcoin began a fresh decline from the zone for $ 97,500.
- The price is traded below 96,200 and 100 an hourly simple sliding medium.
- In the hourly diagram of the BTC/USD pair (Kraken data feed) there is a key line of a bear trend with a resistance of $ 96,000.
- The couple can start another increase if it remains higher than the zone for $ 95,000.
Bitcoin price falls on
Bitcoin price could not clear the resistance levels in the amount of $ 98,500 and 000 dollars. The BTC formed the top and began a new decline below $ 96,500. There was a clear step below the support level for $ 96,200.
The price even decreased below the level of 95,000 dollars. However, the bulls appeared about 93,400 dollars. The low was formed in U.S. $ 93,388, and the price is now trying to recover. There was a step above the level of 95,000 dollars. The price cleared the FIB recovery level 23.6% by the descending movement from the maximum swing of $ 98,825 to U.S. $ 93,288.
The price of bitcoins is currently trading below $ 96,200, and 100 hourly simple sliding average. On the other hand, immediate resistance approaches the level of $ 96,000. There is also a key line of bear trends, which forms a resistance of $ 96,000 in the hourly diagram of the BTC/USD pair.
The first key resistance is located near the level of $ 96,200 or the level of FIB recovery by 50% when moving down from high swing of $ 98,825 to a low level of $ 93,288. The next key resistance can be 96,750 dollars.
Close above the resistance of $ 96,750 can lead to a higher price. In the declared case, the price may rise and check the resistance level of 97,500 US dollars. Any benefits can send the price to the level of $ 98,2,08 or even $ 98,500.
More losses in BTC?
If Bitcoin does not rise above the resistance zone in the amount of $ 96,000, it can begin a new decline. Direct support below is about 95,000 dollars. The first major support is located next to the level of 94,200 dollars.
The next support is now next to the zone for $ 93,400. Any other losses can send the price of support at $ 92,200 in the near future. The main support costs $ 91,000.
Technical indicators:
The hourly macd – Macd is now losing the pace in the bear area.
The hourly RSI (relative force index) – RSI for BTC/USD is now lower than the level of 50.
The main support levels are $ 95,000, and then $ 94,2,04.
The main levels of resistance are 96,000 US dollars and $ 98,000.
