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The price of Bitcoins began a modern escalate above the zone of USD 80,000. BTC is now consolidating profits and can improve some to test the 80,500 USD zone.
- Bitcoin began a modern escalate above the zone of USD 80,000.
- The price is sold above USD 80,500, and a 100 -hour straight moving average.
- There was a break over the key line of the bear trend with a resistance of 78,800 USD on the chart of the hourly btc/USD pair (data channel from Kraken).
- The couple can start another escalate if they cleanse the $ 83,500 zone.
The price of bitcoins increases by over 5%
The price of Bitcoins has started a modern escalate compared to the zone 74,500 USD. BTC has created a base and gained a pace of traffic above the resistance level at 78,500 USD and USD 80,000.
Bulls pumped the price above USD 80,500. There was a break over the key line of the bear trend with a resistance of 78,800 USD on the chart of the hourly btc/USD pair. The couple even cleaned the $ 82,500 resistance zone. The amount was created at the level of USD 83,548, and the price consolidates profits above 23.6% of the FIB withdrawal level up to $ 74,572 to low level up to USD 83,548.
The price of Bitcoins is currently trading above USD 80,200, and a 100 -hour straight moving average. On the other hand, immediate resistance is close to USD 83,200. The first key resistance is close to USD 83,500.
The next key resistance can be USD 84,500. Closing above the resistance 84,500 USD may send a higher price. In the given case, the price may escalate and test the resistance level 85,800 USD. Any profits can send a price to USD 88,000.
Are DIP supported in BTC?
If Bitcoin does not escalate above the resistance zone of USD 83,500, it may start a downward correction. Immediate support in the minus is close to USD 81 400. The first gigantic support is close to USD 80,500.
Another support is now near the $ 79,500 zone or 50% of the upward FIB withdrawal level of $ 74,572 to the highest level of USD 83 548. Any losses can send a price in relation to support of 78,000 USD in the near future. The main support is 75,000 USD.
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 81,400, and then 80,500 USD.
Main resistance levels – USD 83,500 and USD 84,500.
