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Bitcoin price has started a new decrease less than 85,500 dollars. BTC is now integrating and you may try to scan the 85200 dollar resistance area.
- Bitcoin has started a new decrease less than $ 85,500.
- The price is traded to less than 85,000 dollars and the average simple movement is 100 hours.
- There is a declining directional line connected to resistance at $ 84,800 on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if he wipes the area of $ 85,000.
Bitcoin price new increase
Bitcoin’s price was brought up near the $ 86500 area and started a new decrease. BTC fell to less than $ 8,500 and $ 85,000 to enter the short -term landing zone.
The price is tested by $ 8,3200. A decrease has been formed at $ 83,171 and the price of some losses recently. There was a step above the level of 83,800 dollars. The price exceeded the level of FIB re -declining by 50 % of the transition to the bottom from an altitude of $ 86,401 to a low level of $ 83171.
The Bitcoin price is now trading to less than $ 85,000 and the simple moving average is 100 hours. On the upper side, the immediate resistance is approaching the level of $ 84,750. There is also a declining trend line that is formed with resistance at $ 84,800 on the watch chart for the BTC/USD pair.
The first main resistance is approaching the level of $ 85150 or the level of FIB decline by 61.8 % of the transition down from an increase of $ 86,401 to a decrease of $ 83,171. The following key resistance can be $ 8,500.
The closure above the $ 8500 resistance may be the price up. In the aforementioned case, the price and the resistance level test may rise 85,800 dollars. Any other gains may send the price to the level of 86400 dollars.
Another decrease in BTC?
If Bitcoin fails to rise over the 85,000 -dollar resistance area, it may begin to decrease. Immediate support on the downside is near the level of $ 83,900. The first major support is near the level of $ 8,200.
The next support is now near the $ 82200. Any other losses may send the price to $ 81,500 in the short term. The main support sits at $ 80,800.
Technical indicators:
Every MACD – MACD now loses a pace in the Habboudi area.
RSI Hour (Relative Power Index) – RSI for BTC/USD is now near level 50.
Main support levels – $ 83,200, followed by $ 82,200.
Main resistance levels – $ 84,750 and $ 85,150.
