The price of bitcoins consolidates above the support zone 95,500 USD. BTC has several positive characters and can try to recover if it cleans $ 100,000.
- Bitcoin began a fresh drop below USD 100,000.
- The price is traded below USD 99,000, and a 100 -hour straight moving average.
- There is a connecting Bear Trend line with a resistance of $ 98,000 on the BTC/USD hourly pair chart (data channel from Kraken).
- The couple can start another raise if they pristine the $ 100,000 zone.
The Bitcoin price has support
The price of bitcoins was not higher above the zone USD 102,500. Another decrease below the zone of USD 99,000 began. BTC has gained a trust for movement below USD 98,500 and USD 96,500.
Low was created at USD 95,700, and the price has recently started the consolidation phase. There was a slight raise above USD 97,000. The price exceeded 23.6% slimming levels of the FIB of inheritance movement from a height of USD 102,500 to a low level of USD 95,200.
The price of Bitcoins is currently listed below USD 98,500, and a 100 -hour straight moving average. On the other hand, immediate resistance is close to USD 98,000. There is also a connecting bearing trend line that creates a resistance of USD 98,000 on the BTC/USD hour chart.
The first key resistance is close to USD 99 $ 100 or 50% of the downward FIB down level from USD 102,500 to a low level of USD 95,200. The next key resistance can be $ 100,000. Close -up above resistance $ 100,000 may send a higher price.
In the given case, the price may raise and test the resistance level of USD 101,200. Any profits can send a price to USD 102,500.
Another BTC decrease?
If Bitcoin does not raise above the resistance zone of USD 98,000, it may start again. Immediate support in the minus is close to USD 96,200. The first vast support is close to USD 95,500.
The next support is now located near the zone 93 200 USD. Any losses can send the price in relation to the support of USD 92,200 in the near future. The main support is USD 90,900.
Technical indicators:
The MacD – MacD hour is now losing the pace in the bear zone.
RSI hours (relative strength indicator) – RSI for BTC/USD is now close to level 50.
Main support levels – USD 96,200, and then 95,500 USD.
Main resistance levels – USD 98,000 and $ 100,000.
