Reason to trust
Editorial policy rejection that focuses on precision, relevance and impartiality
Created by experts in the sector and meticulously revised
The highest standards of reporting and publishing
Editorial policy rejection that focuses on precision, relevance and impartiality
Pretium leo et nisl alquam mollis measles. Quisque Arcu Lorem, ultricies quis pellesque nec, ullamcorper eu hate.
The price of Bitcoin has started a new drop and tested the $ 104,200 area. BTC is now consolidated and could have difficulty freeing the resistance area of $ 106,800.
- Bitcoin started a consolidation phase above the $ 104,000 area.
- The price is exchanged below $ 106,000 and the simple 100 -hour mobile average.
- There is a bullish trend line that is formed with $ 104,450 support on the time graphic of the BTC/USD couple (data feed from Kraken).
- The torque could start a new increase if it deletes the resistance area of $ 106,800.
Bitcoin price to support
The Bitcoin price started a new drop and exchanged below the support area of $ 105,650. BTC has even exchanged below the level of $ 105,200 and tested the $ 104,200 area.
A minimum was formed at $ 104,279 and the price is now consolidating the losses. There has been a move above the level of $ 104,500 and the FIB retracing level of 23.6% of the recent drop from $ 106,820 swing to a minimum of $ 104,279.
Bitcoin is now exchanged below $ 106,000 and the simple 100 -hour mobile average. There is also a line of upward trend connection with $ 104,450 support on the time graphic of the BTC/USD couple. On the positive side, the immediate resistance is close to the level of $ 105,500. It is close to the FIB retracing level of 50% of the recent decrease from above $ 106,820 to a minimum of $ 104,279.
The first key resistance is close to the $ 106,220 level. The next resistance to the key could be $ 106,800. A closure above the resistance of $ 106,800 could send the price higher. In the declared case, the price could increase and test the level of resistance by $ 107,500. Other earnings may send the price to the level of $ 110,000.
Other losses in BTC?
If Bitcoin cannot overcome the resistance area of $ 106,000, another decline could start. Immediate support is close to the level of $ 104,500 and the trend line. The first important support is close to the $ 104,200 level.
The next support is now close to the $ 103,200 area. Other losses may send the price to the support of $ 102,500 in the short term. The main support is located at $ 101,200, below which BTC could earn a bearish momentum.
Technical indicators:
MACD TIME – The MacD is now losing the rhythm in the bullish area.
TIME TIME (relative resistance index) – The RSI for BTC/USD is now below level 50.
The main support levels – $ 104,200, followed by $ 103,200.
The main resistance levels – $ 105,500 and $ 106,800.