Bitcoin Stuck Below $105K: Here’s What’s Happening

Bitcoin Stuck Below $105K: Here’s What’s Happening
Bitcoin Stuck Below $105K: Here’s What’s Happening

Main notes

  • Bitcoin has been combined between 101.5 thousand dollars and 105 thousand dollars for a week.
  • Technical indicators such as the Golden Cross indicate a long term.
  • If $ 105,000 is broken, FIB levels indicate that BTC has a clear path above $ 110,000.

Bitcoin

BTC
96 $ 611



24 hours fluctuation:
2.1 %


The maximum market:
$ 1.92



Folder. 24h:
$ 29.09 b

He is currently facing severe resistance at a mark of $ 105,000, with a suspended price movement in a narrowing range for more than a week. At the time of writing this report, BTC is trading 103,811.42 dollars, which reflects a modest profit of 2 % over the past 24 hours, along with a marine increase by 17 % in the trading volume.

Despite the rise in the upscale size, Momntum stopped slightly less than 105 thousand dollars, as BTC demands the highest daily level of 104,432.72 dollars.


Technical resistance and market morale collision

According to Swissblock, BTC was combined in a tightening area of ​​101,500 dollars – $ 104,000 after two failed attempts to violate the roof of $ 105,000. “The decision is likely to be delayed unless we get a break on Friday,” the company published X.

Analysts from Santime echoed this, noting that the crowd has begun to turn into a little decline, a feeling that indicates a contradiction of the possibility of an upper move. Historically, the price tends to move against prevailing retail feelings.

The material indicators added that unless a “dangerous catalyst” appears, Bitcoin may need an appropriate support test about $ 100,000 before trying to collapse. Firecharts data shows the construction of sales orders higher than the current price while purchase orders turn to a decrease, indicating a possible re -test of support near $ 100,000 and increasing the risk of Taurus without a strong incentive.

Golden Cross hints to macro, but bers Eye $ 98,000

Despite the short -term resistance, the moving average exceeded 50 days over 100 days, which constitutes a golden cross that usually indicates a long -term bullish momentum. However, traders are warned of short pressure and false exit as long as it carries 105 thousand dollars.

Energy balance (BOP) on the daily chart hovers near Neutral (0.01), does not show any decisive tilt towards the dominance of the buyer or the seller, additional evidence of the market frequency.

The bullish penetration, which is more than $ 105,000, can lead to a payment stage for about $ 108,765 (0 FIB TOP) and may extend to $ 110,000+, which confirms the continuation of the upward trend.

BTC 1D graph with BOP and FIB levels | Source: TradingView

On the other hand, less than $ 100,000 for sale can lead to 98 thousand dollars, with the next strong FIB support, which lies 84442 dollars (0.236 FIB) and then 73,992 dollars (0.618 FIB).

The deepest extensions put negative goals in the long run at $ 59,003 (1.618 FIB) and $ 40,609 (2.618 FIB), although they are more important in the event of a complete micro collapse.


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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

The post Bitcoin Stuck Below $105K: Here’s What’s Happening first appeared on Investorempires.com.