Bitcoin price is fixed higher than the key levels – ready for a higher new payment?
The cause of confidence
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Bitcoin price unifies the gains over the 94,000 dollar area. BTC rises again and may aim to move higher than the resistance area 95,500 dollars.
- Bitcoin remained supported over a $ 93,850 area.
- The price is traded above 94100 dollars and a simple moving average 100 hours.
- There was a lower break than the upcoming bullish trend line at 94,850 dollars on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if he wipes a $ 95500 area.
Bitcoin fresh eyes price
Bitcoin price has started a short -term negative correction of the 95,500 dollar resistance area. BTC fell to less than 95,000 dollars and 94,500 dollars support levels.
There was a step less than the level of FIB re -imitation by 50 % of the bullish transition from the drop -off 92,900 dollars to an increase of 95,488 dollars. Moreover, there was a lower break than the upcoming upcoming trend line with support at 94,850 dollars on the watch chart for the BTC/USD pair.
However, the bulls were active near $ 93,850 support and a 61.8 % re -declining level of bullish transition from oscillation of 92,900 dollars to an increase of 95,488 dollars.
Bitcoin price is now trading above 94,500 dollars and the simple moving average is 100 hours. On the upper side, the immediate resistance approaches the level of $ 95,000. The first main resistance is located near the level of 95,250 dollars. The following key resistance can be 95,500 dollars.
The closure may be above the resistance of $ 95,500 sends the price up. In the specified case, the price and the resistance level test may rise 96,500 dollars. Any other gains may send the price about $ 98,000.
Another decrease in BTC?
If Bitcoin fails to rise over the resistance area of $ 95,500, another negative correction may start. Immediate support on the negative side is near the level of $ 94500. The first major support is near the level of 93,850 dollars.
The next support is now near 93,500 dollars. Any other losses may send the price to $ 92,500 in the short term. The main support sits at $ 91200.
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 – $ 94,500, followed by $ 93,850.
Main resistance levels – 95,250 dollars and 95,500 dollars.
