Bitcoin price continued to rise above the $90000 mark. BTC is currently consolidating near the $90000 mark and may try to rise again in the near future.
Bitcoin continues its rise, trading above the 992,000 area.
price is trading above the 87,500 level and the 100 hourly simple moving average. On the hourly chart of the BTC/USD pair (data from Kraken), a major bullish trend line has formed, supported by the 87,200 key.
If it stays above the above mentioned 85,400 zone, the pair may continue to rise.
#Bitcoin price started its new growth above the above mentioned level of 88,000 dollars. #BTC overcame the resistance of $90000 and reached a new all-time high. It reached a high of $93,435 and is currently showing growth.
There was a slight decline below the level of $91,500. The price fell below the 50% Fibonacci retracement level, dropping from a low of 85,302 to a high of 93,435. Nevertheless, the bulls are active near the 88,500 support zone.
Bitcoin price is currently trading above $87,500 and the 100-hour simple moving average. An important bullish trend line has also formed on the hourly chart of the BTC/USD pair, supported by BTC 87,200. The trendline is near a 76.4% Fibonacci upside revision, rising from a low of 85,302 to a high of 93,435.
If the price rises, resistance could emerge near the $90,500 level. The first major resistance is near the $91,200 level. If the price rises above the $91,200 level mentioned above, it may lead to a price rise. The next major resistance could be the $9 to $93,500 levels. A close above the 93,500 closing level could lead to further price gains. In this case, the price will rise and you could test the 95,000 resistance level. Further growth could push prices to the resistance level of 100,000 dollars.
even more downside for BTC?
If bitcoin does not rise above the resistance zone of 90,500 dollars, a downward correction could begin. The nearest support is between 8 and 88,400.
the first major support is at 887,200 or near the trend line.
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