Key Support Levels to Watch
Bitcoin prices have declined from $ 102,500. BTC is trimming income and strives to maintain a support area of ​​more than $ 96,500.
- 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 hour chart of the BTC/USD pair, there is a new connection to the trend line with a resistance of $ 99,000 (data from Kraken).
- If this couple stays above the area of ​​$ 95,500, it may increase again.
Bitcoin price drops $ 100,000
Bitcoin prices fail to continue higher than higher $ 102,500Essence It began another decline in regions below 100,000 US dollars. BTC has obtained the booming momentum at a level of less than $ 98,500 and $ 97,500.
The price of the bear team will retreat at a price of less than 50 %, which is from $ 91,000 to $ 102,500. The price even tested the support area of ​​$ 96,500, and is currently merging lossEssence On the hourly chart of the BTC/USD pair, there is also a new connection to the trend line with a resistance of $ 99,000.
The current transaction price of Bitcoin prices is less than $ 98,000 and 100 hours of simple moving average. In good aspects, the immediately resistance is close to $ 98,000. The first key resistance is the level of nearly $ 99,000.
The next key resistance may be $ 100,000. The closing of the resistance of more than 100,000 US dollars may make the price higher. Under the state of statement, the price may rise and test the resistance level of $ 102,500. More returns may transfer the price to a level of $ 103,500.
Is there more losses in BTC?
If Bitcoin fails to exceed 99,000 US dollars, a new decline may begin. Immediately support the level of nearly $ 96,500 in shortcomings. The first main support is the level of nearly $ 95,500, that is, a 61.8 % FIB retracement level from a swing of $ 91,000 is not as low as $ 102,500.
The next support is near the area of ​​$ 93,750. In the short term, more losses may send the price to US $ 95,500.
Technical indicator:
MACD -MACD is now losing its pace now.
The hour RSI (relative strength index) -BTC/USD RSI is now lower than level 50.
The main support level is-$ 96,500, followed by $ 95,500.
The main resistance level-$ 99,000 and $ 100,000.
