Bitcoin Price Dips But Nears $100K: A Pullback or a Launchpad?
Bitcoin prices struggled nearly $ 107,000 and corrected the income. BTC is now close to 100,000 US dollars and may find bids in the short term.
- Bitcoin began a downward correction from a $ 107,000 area.
- Price transactions are less than $ 103,500 and a simple moving average of 100 hours.
- On the hourly chart of the BTC/USD pair of charts (Kraken’s data supply draft), there is a breakthrough below the bullish trend line of the connection.
- If the two stay at the support area of ​​$ 100,000, they may increase again.
Bitcoin price drops again
Bitcoin price starts Decently move Areas above $ 105,500. BTC can climb to the level of $ 106,000 and $ 106,500.
Bulls even pushed the price at $ 107,000. However, the bear team is active in a $ 107,000 area. The high is set to $ 107,080, and the current price is correcting rising. Moving less than $ 105,000.
In addition, on the BTC/USD pair of charts per hour, there is a discount with the support of supported the bullish trend, supporting a bonus of $ 104,800. The two tested the area of ​​$ 100,700. The low price is $ 100,700, and the two are now consolidating losses.
Bitcoin price is now traded at a price below $ 103,500 100 -hour simple moving averageEssence From a good perspective, the immediately resistance is close to $ 102,200, that is, from a swinging high of $ 107,080 to a low point of $ 100,700, and the declined FIB recycling level is 23.6 %.
The first key resistance is the level of nearly $ 104,000. It is close to a swinging high from $ 107,080 to a 50 % FIB retracement level at a low of $ 100,700. The clear action of more than 104,000 US dollars of resistance may make the price higher. The next key resistance may be $ 105,000.
The closing of the resistance of more than 105,000 US dollars may make the price higher. Under the state of statement, the price may rise and test the resistance level of $ 106,200. More returns may transfer the price to a level of $ 107,000.
Is there more losses in BTC?
If Bitcoin cannot exceed 102,200 US dollars of resistance areas, it may start to start correction. Immediately support the following support of nearly $ 100,500. The first support mainly supports nearly $ 100,000.
Now, the next area supports near $ 88,500. In the short term, more losses may send the price to US $ 86,500.
Technical indicator:
MACD -MACD is now looking at the pace.
The hour RSI (relative strength index) -BTC/USD RSI is now lower than level 50.
The main support level is $ 100,500, followed by $ 100,000.
The main resistance level is $ 102,200 and $ 104,000.
