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Bitcoin Price began a new increase and negotiated a new historical maximum above the $ 109,000 zone. BTC is now consolidating and could point to an increase towards $ 112,000
- Bitcoin began a newly ascending movement of the $ 106,000 zone.
- The price is quoted above $ 107,000 and the simple mobile average of 100 hours.
- There is a key line of bullish trend that is formed with support of $ 107,800 in the BTC/USD -hour graph (Kraken data food).
- The couple could get a bullish impulse if it erases the resistance of $ 110,850.
The price of Bitcoin establishes a new ATH
Bitcoin Price began a new increase in the support zone of $ 104,200. BTC formed a base and could erase the resistance zone of $ 106,000. The Bulls exceeded the price above $ 107,500.
The bulls even pumped the price above the resistance zone of $ 109,000. The price was negotiated to a new historical maximum of about $ 110,698 and is currently consolidating profits above the FIB retreat level of 23.6% of the upward movement of the minimum of $ 104,270 to the maximum of $ 110,698.
Bitcoin is now quoted above $ 108,000 and the simple mobile average of 100 hours. There is also a key line of bullish trend that is formed with support of $ 107,800 in the table per hour of the BTC/USD.
On the positive side, the immediate resistance is close to the level of $ 110,850. The first key resistance is close to the level of $ 112,000. The next key resistance could be $ 112,500. A closure above the $ 112,500 resistance could send the highest price. In the established case, the price could increase and test the resistance level of $ 113,800. More earnings can send the price to the level of $ 115,000.
Are the falls limited in BTC?
If Bitcoin does not rise above the resistance zone of $ 112,000, another correction could begin. Immediate support in the inconvenience is close to the level of $ 109,000. The first important support is close to the level of $ 107,500, the line of trend and the 50% fib recoil level of the upward movement of the minimum of $ 104,270 to the maximum of $ 110,698.
The next support is now near the $ 106,500 zone. More losses could send the price to $ 105,000 support in the short term. The main support is at $ 104,200, below which BTC could obtain a bearish impulse.
Technical indicators:
Macd per hour: The MacD is now gaining rhythm in the upward zone.
RSI per hour (relative force index): the RSI for BTC/USD is now above the level of 50.
Important support levels: $ 109,000, followed by $ 107,500.
Important resistance levels: $ 110,850 and $ 112,000.
