Bitcoin price failed to get a step over the $ 100,000 area. BTC has decreased again and is currently integrating near $ 96,000.
- Bitcoin has started a new decrease from $ 99,500.
- The price is traded to less than 97500 dollars and the average simple movement is 100 hours.
- There is a declining directional line connected to resistance at $ 96,400 on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if she remains above the area of $ 95,000.
Bitcoin price decreased again
Bitcoin price shaped a base higher than the 95500 dollar level and the recovery wave began. BTC managed to exceed the resistance level of $ 97,000 and $ 98,500.
The price has even been cleared of the resistance level of $ 99,000. However, the bears remained active less than the level of $ 100,000. A height was formed at 99481 dollars and the price began to decrease. There was a step less than $ 98,000 and $ 96,000.
A decrease has been formed at 94,888 dollars and the price is now recovered. There was a step above 95500 dollars. The price exceeded the level of FIB re -declining by 23.6 % of the transition to the bottom of the 99,481 dollar swing to a level less than 94,881 dollars.
Bitcoin price is now trading to less than $ 97,200 and average simple movement 100 hours. On the upper side, the immediate resistance approaches the level of 96500 dollars. There is also a declining trend line that is formed with resistance at 96,400 dollars on the watch chart for the BTC/USD pair.
The first key resistance near the level of $ 97,200 or the level of FIB re -declining by 50 % is approaching the transition to the bottom from an increase of 99,481 dollars to a decrease of $ 94,881. The following main resistance can be 97,750 dollars. The closure may be above the resistance of $ 97,750 sends the price up. In the specified case, the price and the resistance level test may rise 98,800 dollars. Any other gains may send the price about 99,500 dollars or even 100,000 dollars.
Another decrease in BTC?
If Bitcoin fails to rise above the 97200 dollar resistance area, it may start a new decrease. Immediate support on the negative side is near the level of $ 95500. The first main support is near the level of $ 95,000.
The next support is now near the 94200 dollar area. Any other losses may send the price to $ 93,500 in the short term. The main support sits at $ 92,400.
Technical indicators:
MACD every hour – MACD is now acquired in the upscale area.
RSI clock (RSI) RSI for BTC/USD now higher than 50 level.
Main support levels – $ 95500, followed by $ 95,000.
Main resistance levels – 96,500 dollars and $ 9,200.