Bitcoin Price Climbs Back to $100K: Is This Just the Beginning?
The price of Bitcoin moves up at a height of $ 98,000. BTC is reducing losses, but it may be difficult to settle in a 103,000 US dollars.
- Bitcoin began a new start with a level of $ 100,000.
- The price of the price exceeds $ 99,500, and the simple moving average of 100 hours.
- The resistance of the BTC/USD pair per hour (data supply draft of KRAKEN) is higher than the key to see the trend line with a critical loser, and the resistance is $ 96,000.
- If the two stay at the area of $ 100,000, it may increase again.
Bitcoin price recovers $ 100,000
Bitcoin price starts Another decline Areas below $ 95,000. BTC has obtained the booming momentum, and its relocation is less than $ 93,500 and $ 92,000. It even sneaked less than $ 91,000.
The low price price is $ 90,944, and the price has recently started a good wave of recovery. Movement of levels higher than $ 95,500. The price from a price of $ 106,000 to a low of 90,945 US dollars fell by 50 % of the FIB retracement level.
In addition, on the hourly chart of the BTC/USD pair, the resistivity is higher than the key to see the trend line with a resistance of $ 96,000. The current transaction price of Bitcoin prices exceeds $ 98,000. 100 -hour simple moving averageEssence
In good aspects, the immediately resistance is close to $ 102,000. The first key resistance was from the level of $ 102,500 or a 76.4 % FIB retreat level, from a autumn of $ 106,000 to a low point of $ 90,945. The next key resistance may be $ 103,200.
The closure of resistance than $ 103,200 may make the price higher. Under the state of statement, the price may rise and test the resistance level of $ 105,000. More returns may transfer the price to a level of $ 107,000.
Another reduction of BTC?
If Bitcoin fails to exceed 103,200 US dollars, a new decline may begin. Immediately support the following support of nearly $ 100,500. The first support mainly supports nearly $ 100,000.
The next support is now $ 98,000. In the short term, more losses may send the price to US $ 96,500.
Technical indicator:
MACD -MACD is now accelerating the pace.
The hour RSI (relative strength index) -BTC/USD RSI is now higher than level 50.
The main support level is $ 100,500, followed by $ 100,000.
The main level of resistance is $ 102,000 and $ 103,200.
