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Bitcoin price has started a new increase over the $ 82,500 region. BTC now unifies the gains and may try to wipe the $ 85,850 resistance.
- Bitcoin has started a new increase over the $ 83200 region.
- The price is traded above 82,500 dollars and the average simple movement is 100 hours.
- There was a break over the landline line connected to the resistance at 84,500 dollars on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if he wipes an area of $ 85,500.
Bitcoin price increases again
Bitcoin price has started a new increase over the 81,500 dollars. BTC has formed a base and acquires a pace for a higher step than the resistance level of $ 82,500 and $ 83200.
Pumping the price is above $ 84,500. A height was formed at 85,850 dollars and the price recently began negatively. There was a lower step than $ 84,500. The price fell below the FIB rate by 23.6 % of the bullish transition from the decrease of oscillation of $ 78,600 to 85,850 dollars.
However, the price remained stable above 82,200 dollars. Bitcoin price is now trading above 82,500 dollars and average simple movement 100 hours. There was a break over the landline line connected to the resistance at $ 84,500 on the watch chart for the BTC/USD pair.
On the upper side, the immediate resistance approaches the level of $ 8500. The first main resistance is located near the level of 85,850 dollars. The following key resistance can be $ 86,500. The closure above the $ 86,500 resistance may be the price up to the top. In the specified case, the price and the resistance level of the resistance level of $ 88,000 may rise. Any other gains may send the price about $ 88,800.
Another decrease in BTC?
If Bitcoin fails to rise above the 85500 dollar resistance area, it may continue to move. Immediate support on the negative side is near the level of $ 84200. The first main support is approaching the level of $ 82200 and the level of FIB declining by 50 % of the upward transition from the decrease in oscillation of $ 78,600 to 85,850 dollars.
The next support is now near the $ 81,200 region. Any other losses may send the price to $ 80,500 in the short term. The main support sits at $ 80,000.
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 – $ 84,500, followed by $ 82,200.
Main resistance levels – $ 85,500 and 85,800 dollars.
