Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?
The price of Bitcoin began a new decline, below $ 100,000. BTC is close to 10 %, and it may test a support area of ​​$ 90,000.
- Bitcoin’s new decline is below $ 100,000.
- Price transactions are less than 99,500 US dollars and a simple moving average of 100 hours.
- In the BTC/USD pair of hours, there is a key point of view of the trend line with a resistance of $ 96,200 (data supply manuscripts from Kraken).
- If the two stay in a area of ​​$ 90,000, the couple may increase again.
Bitcoin price diving below $ 100,000
The price of Bitcoin began to be less than 100,000 US dollars. BTC has obtained the booming momentum, and its migration is less than $ 98,000 and $ 95,000. It even sneaked less than $ 93,000.
The low price is $ 90,944, and the price is merged now lossEssence A slight increase of a level higher than $ 92,500. The price even tested from a swinging high of $ 106,000 to a 23.6 % FIB retracement level at a low of 90,944 US dollars. However, these bears are now active near $ 95,000.
The current transaction of Bitcoin prices is less than $ 95,000, 100 -hour simple moving averageEssence In good aspects, the immediately resistance is close to a level of $ 95,000. The first key resistance is the level of nearly $ 96,500. On the hourly chart of the BTC/USD pair, there is also a key drop of the trend line with a resistance of $ 96,200.
The next key resistance may be $ 98,400, or a 50 % FIB retracement level from $ 106,000 to a low point of $ 90,944. The closure of resistance than $ 98,500 may make the price higher. Under the state of statement, the price may rise and test the resistance level of $ 96,800. More returns may transfer the price to a level of $ 100,000.
Another reduction of BTC?
If Bitcoin cannot exceed 95,000 US dollars, a new decline may begin. Immediately support the level of $ 92,500. The first main support is the level of nearly $ 92,000.
Now, the next support is near a area of ​​$ 90,000. In the short term, more losses may send the price to US $ 88,500.
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-92,500 US dollars, followed by $ 90,000.
The main resistance level-95,000 US dollars and $ 96,500.
