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Bitcoin Price started a new rise and was traded for a new of all time above $ 109,000 zone. BTC is now consolidating and can strive for an increase to $ 112,000
- Bitcoin started a new upward movement from the $ 106,000 zone.
- The price is traded above $ 107,000 and the simple simple advancing average of 100 hours.
- There is an important bullish trend line that forms with support at $ 107,800 on the hourly table of the BTC/USD pair (data specialty).
- The couple could get Bullish Momentum if it knew the resistance of $ 110,850.
Bitcoin -Price sets new ATH
Bitcoin price started a new increase compared to the $ 104,200 support zone. BTC formed a basis and was able to erase the $ 106,000 resistance zone. The bulls pushed the price above $ 107,500.
The bulls even pumped the price above the $ 109,000 resistance zone. The price that is traded to a new all-time near $ 110,698 and currently consolidates profits above the 23.6% FIB retracement level of the upward movement of the $ 104.270 Swing low to $ 110,698 high.
Bitcoin is now traded above $ 108,000 and the 100 -hour simple advancing average. There is also an important bullish trend line that forms with support for $ 107,800 on the hour table of the BTC/USD pair.
At the top is immediate resistance near the level of $ 110,850. The first key resistance is near the level of $ 112,000. The next key resistance can be $ 112,500. A close -up resistance of $ 112,500 can further send the price. In the indicated case, the price could rise and the resistance level of $ 113,800 tests. More profits can send the price to the $ 115,000 level.
Are dips limited in BTC?
If Bitcoin does not rise above the $ 112,000 resistance zone, this can start a new correction. Immediate support on the disadvantage is close to the $ 109,000 level. The first major support is close to the level of $ 107,500, the trend line and the 50% FIB retracement level of the upward movement of the $ 104,270 Swing low to $ 110,698 high.
The next support is now near the $ 106,500 zone. All losses can send the price in the short term to the support of $ 105,000. The most important support is $ 104,200, including BTC possibly getararish Momentum.
Technical indicators:
MACD per hour – The MACD now wins pace in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for BTC/USD is now above 50 -level.
Important support levels – $ 109,000, followed by $ 107,500.
Important resistance levels – $ 110,850 and $ 112,000.