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Price Prediction

Bitcoin Bulls is preparing? BTC combines near ATH with eyes at its highest levels

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Bitcoin price has started a new increase and was circulated to the highest new level ever over the $ 111,500 region. BTC is now combined and may aim to increase 113,200 dollars

  • Bitcoin has started a new upward step from the $ 108,000 region.
  • The price is traded above 108,000 dollars and a simple moving average 100 hours.
  • There is a major climbing trend that is formed with support at $ 110,000 on the watch chart for the BTC/USD (data feeding from Kraken).
  • The husband can gain an upward momentum if he wipes the resistance of $ 112,000.

Bitcoin prices set new ATH

Bitcoin price has started a new increase in the subsidy area of ​​$ 105,000. BTC formed a base and managed to wipe the resistance area of ​​$ 108,000. The bulls paid the price above $ 110,000.

The bulls even pumped the price over the resistance area of ​​$ 111,500. The price is traded to the highest new level ever near 111,980 dollars, and it currently unifies the gains that exceed the RERRERRERDING 23.6 % of the bullish transition from the decrease of the tower of $ 104,270 to 111,980 dollars.

Bitcoin is now trading over $ 109,000 and a simple moving average 100 hours. There is also a large upward trend line that is formed with support at $ 110,000 on the watch chart for the BTC/USD.

Bitcoin price
source: BTCUSD on Tradingview.com

On the upper side, the immediate resistance is approaching the level of $ 112,000. The first main resistance is located near the level of 112,500 dollars. The following key resistance can be 113,200 dollars. The closure of the $ 11,200 resistance may send the price up. In the specified case, the price and the resistance level test may rise 115,000 dollars. Any other gains may send the price to the level of $ 118,000.

Do you support the decreases in BTC?

If Bitcoin fails to rise above the $ 112,000 resistance area, another correction may begin. Immediate support on the negative side is near the level of $ 110,000 and the direction line. The first main support is close to the level of 108200 dollars and the REERERRER, 50 % of the FIB from the upward transition from the tower drop 104,270 dollars to an increase of 111,980 dollars.

The next support is now near the $ 10,200. Any other losses may send the price to the support of $ 106,000 in the short term. The main support sits at 105,000 dollars, below that may gain BTC with a declining momentum.

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 – $ 110,000, followed by $ 10,200.

Main resistance levels – $ 112,000 and $ 113,200.

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