Bitcoin price increases again over the area of $ 115,500. BTC is now integrating and may aim to move towards the resistance area of $ 120,000.
- Bitcoin has started a new increase over the $ 115,500 region.
- The price is traded above $ 115,500 and the simple moving average is 100 hours.
- There is a major climbing trend that is formed with support at $ 115,600 on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband may start another increase if he wipes the resistance area of $ 117,500.
Bitcoin price goals are higher
Bitcoin price found support near the $ 112,200 region and started a new increase. BTC managed to climb over the resistance level 113,500 dollars and $ 114,800.
Even the price has wiped $ 115,500 to move to a positive area. Finally, the price tested the resistance area 117,500 dollars. A height has been formed at 117,643 dollars, and the price is now unifying the gains that exceed the level of RERERERRERDING 23.6 % of the upward transition from the decrease of the tower of $ 112,629 to an increase of $ 116,643.
Bitcoin is now trading over $ 115,000 and a simple moving average 100 hours. There is also a major climbing line formed with support at $ 115,600 on the watch chart for the BTC/USD pair.
The immediate resistance is located on the upper side near the level of $ 11,200. The first key resistance approaches the level of $ 117500. The following resistance can be 118,250 dollars. The closure of $ 118,250 resistance may send the price up. In the specified case, the price and the resistance level test may rise 119,200 dollars. Any other gains may send the price about $ 120,000. The main goal can be 121,500 dollars.
Another drop in BTC?
If Bitcoin fails to rise above the $ 117,500 resistance area, it may start to decrease another. Immediate support is near the level of 116,450 dollars. The first major support is near the level of $ 115,600 and the direction line.
The next support is now near the $ 114,550 or a 61.8 % re -declining level of oud transition from a decrease in oscillation of $ 112,629 to an increase of $ 116,643. Any other losses may send the price towards $ 113,800 in the short term. The main support sits at $ 112,500, below that may continue to move.
Technical indicators:
MACD every hour – MACD is now losing a pace in the upper area.
RSI clock (RSI) RSI for BTC/USD now higher than 50 level.
Main support levels – $ 115,600, followed by $ 114,550.
Main resistance levels – 117,500 dollars and $ 118,250.
The post Bitcoin Price Roars Awake – $120K Within Striking Distance first appeared on Investorempires.com.
