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Bitcoin price has started a new increase over the 80,000 dollar area. BTC is now working to merge the gains and some may correct to test 80,500 dollars.
- Bitcoin has started a new increase over $ 80,000.
- The price is traded above 80,500 dollars and the simple moving average is 100 hours.
- There was a break over the main dumping line with resistance at 78,800 dollars on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if he wipes an area of $ 83,500.
Bitcoin jumps more than 5 %
Bitcoin price has started a new increase in the $ 74,500 region. BTC has formed a base and acquires a pace for a higher step of resistance levels of $ 78,500 and $ 80,000.
Pumping the price is above $ 80,500. There was a break over the main dumping line with resistance at 78,800 dollars on the watch chart for the BTC/USD pair. The husband even wiped the resistance area of $ 82,500. A height has been formed at $ 83,548, and the price is now unifying the gains that exceed the level of Rerlerning 23.6 % of the bullish transition from the tower height of 74,572 dollars to 83,548 dollars.
Bitcoin price is now trading above $ 80,200 and a simple moving average 100 hours. On the upper side, the immediate resistance approaches the level of $ 8,200. The first main resistance is located near the level of 83,500 dollars.
The following key resistance can be $ 84,500. The closure above the resistance of $ 84,500 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 $ 88,000.
Do you support the decreases in BTC?
If Bitcoin fails to rise above the 83,500 dollar resistance area, it may start a negative correction. Immediate support on the negative side is near the level of $ 81400. The first major support is near the level of 80,500 dollars.
The next support is now near the $ 79,500 or REERERERMENT level by 50 % of the ups off the decrease of oscillation of 74,572 dollars to 83,548 dollars. Any other losses may send the price to $ 78,000 in the short term. The main support sits at $ 75,000.
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 – $ 81,400, followed by $ 80,500.
Main resistance levels – $ 83,500 and $ 84500.
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