The price of bitcoins began a novel boost above the zone 116,500 USD. BTC has now increased by over 2%, trades to a novel level and can boost profits above USD 122,000.
- Bitcoin began a novel boost above the zone worth USD 118,500.
- The price is sold above USD 118,500, and a 100 -hour plain movable average.
- There is a stubborn trend line with support at USD 119,000 on the BTC/USD hour chart (data channel from Kraken).
- The couple can still grow if they neat the resistance zone of USD 122,000.
The price of bitcoins set the novel ATH
The price of Bitcoins has started a novel boost after cleaning the resistance zone worth $ 115,500. BTC has gained a pace of movement above USD 116,000 and USD 118,500 resistance.
Bulls even pumped a pair above the resistance zone of USD 120,000. The novel level of all time has been created at USD 122,550, and the price consolidates profits above 23.6% of the level of withdrawal of FIB Movement up from $ 116,679 to the highest level of USD 122,550.
Bitcoin now trads above USD 120,000, and a 100 -hour straight movable average. There is also a stubborn trend line with support of USD 119,000 at the BTC/USD hour chart.
Direct resistance at the top is close to USD 122,550. The first key resistance is close to USD 1123 500. The next resistance can be USD 124,000.
Closing above the resistance of USD 124,000 may cause a price boost. In the given case, the price may boost and test the resistance level of USD 128,000. Any profits can send a price of USD 128,800. The main goal can be USD 130,000.
Correction in BTC?
If Bitcoin does not boost above the resistance zone of USD 122,500, it may start a downward correction. Immediate support is close to USD 121,500. The first sedate support is located near the level of USD 119,500 or 50% of the upward FIB withdrawal level from $ 116,679 at a low level to USD 122,550.
The next support is now near the $ 119,000 zone. Any losses can send the price to the support of $ 118,500 in the near future. The main support is USD 116,500, below which BTC can still go down.
Technical indicators:
MacD – MacD hours are now gaining a pace in the stubborn zone.
RSI hours (relative strength indicator) – RSI for BTC/USD is now above level 50.
Main support levels – USD 122,500, and then USD 125,000.
Main resistance levels – USD 121,500 and USD 119,000.
