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Bitcoin price rises higher than the 93200 dollar area. BTC merges the gains and may last higher than the 94,000 dollar area in the short term.
- Bitcoin has started a decent upward step higher than 91,500 dollars and $ 92,500.
- The price is traded above 91,500 dollars and a simple moving average 100 hours.
- There is a bullish -supporting trend at $ 92,000 on the watch chart for the BTC/USD (data feeding from Kraken).
- The husband can start another increase if he wipes 94,650 dollars.
Bitcoin price reinforces gains
Bitcoin remained stable above the level of $ 88,000 and started New increase. BTC managed to climb over $ 90,000 and $ 91,500 for resistance level.
The bulls were able to pump the price over the resistance of 92,500 dollars. It even rose and tested the resistance area 94,650 dollars. A height has been formed near 94,635 dollars and the price of the unified gains recently. There was a slight decrease less than the RERRERERDING level 23.6 % of the upward transition from the tower drop 86400 dollars to an increase of 94,635 dollars.
Bitcoin price is now trading above 92,500 dollars and 100 simple hours in the moving average. There is also a bullish trend connected with support at 92,000 dollars on the watch chart for BTC/USD.
On the upper side, the immediate resistance approaches the level of $ 94,000. The first main resistance is located near the level of 94200 dollars. The following key resistance can be 94,650 dollars. The closure may be above the resistance of $ 94,650 sends the price up. In the specified case, the price and the resistance level test may rise 95,500 dollars. Any other gains may send the price to the level of 96200 dollars.
Correct the negative side in BTC?
If Bitcoin fails to rise above the 94,000 dollar resistance area, it may start a negative correction. Immediate support on the negative side is near the level of $ 93,000. The first major support is near the level of $ 92,000 and the direction line.
The next support is now near the 90,500 dollar area, the direction line, and the REERRERMERSS level by 50 % of the upward transition from an increase of 86,400 dollars to an increase of 94,635 dollars. Any other losses may send the price towards $ 90,000 in the short term. The main support sits at $ 88,800.
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 – $ 93,000, followed by $ 92,000.
Main resistance levels – $ 94,000 and 94,650 dollars.
