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Bitcoin price began another decrease less than $ 83,500. BTC is now integrating and may struggle to recover over the $ 83,850 area.
- Bitcoin has started a new decrease less than 83,200 dollars.
- The price is traded to less than 83,000 dollars and the average simple movement is 100 hours.
- There is a bullish trend connected with support at 82,550 dollars on the watch fee for the BTC/USD (data feeding from Kraken).
- The husband can start another decrease if less than the resistance area remains $ 83,850.
Bitcoin price faces resistance
Bitcoin price failed to start the recovery wave and remained less than the level of 85500 dollars. BTC started another decrease and was circulated under the support area at $ 83,500. Bears gained power to move less than the $ 82,500 support zone.
The price decreased to less than 82,000 dollars. A decrease was formed at 81,320 dollars before the recovery wave is present. There was a step higher than the level of $ 82,500, but the bears were active near 83,850 dollars. The price is now unified and there has been a lower decrease than the RENDRACTION level 50 % of the ups of the ups of the oscillation of 81,320 dollars to 83,870 dollars.
Bitcoin price is now trading to less than $ 83,250 and average simple movement 100 hours. There is also a upcoming rising trend line formed with support at 82,550 dollars on the watch chart for the BTC/USD pair. On the upper side, the immediate resistance is approaching the level of $ 83,250. The first main resistance is located near the level of 83,850 dollars.
The following key resistance can be $ 84,200. The closure of the resistance of $ 8,4200 to send the price up. In the specified case, the price and the resistance level test may rise 84,800 dollars. Any other gains may send the price about 85,000 dollars or even $ 8,500.
Another decrease in BTC?
If Bitcoin fails to rise above the 83,850 -dollar resistance area, it may begin to decrease a new. Immediate support on the downside is near the level of $ 82,550. The first main support is approaching the level of $ 82,250 and the REERRERENT 61.8 % level of FIB from the ups of 81,320 dollars to an altitude of 83,870 dollars.
The next support is now near the $ 81,250 region. Any other losses may send the price towards $ 80,000 in the short term. The main support sits at $ 78,500.
Technical indicators:
Every MACD – MACD now loses a pace in the Habboudia area.
RSI clock (RSI RSI) for BTC/USD is now less than 50 level.
Main support levels – $ 82,250, followed by $ 81,250.
Main resistance levels – $ 83,250 and $ 83,850.
