Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500.

• Bitcoin started a fresh increase above the $92,500 zone.
• The price is trading above $92,000 and the 100 hourly Simple moving average.
• There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $93,000 zone.

Bitcoin Price Faces Resistance

Bitcoin price managed to stay above the $90,000 zone and started a fresh increase. BTC gained strength for a move above the $90,500 and $91,500 levels.

There was a clear move above the $93,000 resistance. A high was formed at $94,050 and the price is now consolidating gains. There was a minor drop to test the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high.

There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,000 level. The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,450.

Downside Break In BTC?

If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $91,650 level. The first major support is near the $90,500 level.

The next support is now near the $88,950 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,750 support in the near term. The main support sits at $87,200, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $91,650, followed by $90,500.

Major Resistance Levels – $93,000 and $94,000.

Bitcoin price started a fresh increase above $92,000. BTC is now testing the key barrier at $94,000 and might attempt an upside break.

• Bitcoin started a fresh increase above the $92,000 zone.
• The price is trading above $91,500 and the 100 hourly Simple moving average.
• There is a bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $94,000 zone.

Bitcoin Price Extends Gains

Bitcoin price managed to stay above the $88,000 zone and started a fresh increase. BTC gained strength for a move above the $88,800 and $92,000 levels.

There was a clear move above the $92,500 resistance. A high was formed at $94,050 and the price is now testing an important barrier. It is still above the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high.

Bitcoin is now trading above $92,500 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $94,000 level. The first key resistance is near the $94,200 level. The next resistance could be $95,000. A close above the $95,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,850 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $97,200 and $98,000.

Downside Correction In BTC?

If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $92,000 level and the trend line. The first major support is near the $91,200 level.

The next support is now near the $88,850 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $92,000, followed by $91,200.

Major Resistance Levels – $94,000 and $95,000.

Bitcoin price started a fresh increase above $90,000. BTC is now testing the key barrier at $93,000 and might attempt an upside break.

• Bitcoin started a fresh increase above the $90,000 zone.
• The price is trading above $90,500 and the 100 hourly Simple moving average.
• There is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $93,000 zone.

Bitcoin Price Surges Over 5%

Bitcoin price managed to stay above the $84,000 zone and started a fresh increase. BTC gained strength for a move above the $88,000 and $90,000 levels.

There was a clear move above the $90,500 resistance. A high was formed at $92,912 and the price is now testing an important barrier. It is still above the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.

Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,900 level. The first key resistance is near the $93,000 level. The next resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $97,200 and $98,000.

Another Drop In BTC?

If Bitcoin fails to rise above the $93,000 resistance zone, it could start another decline. Immediate support is near the $90,800 level and the trend line. The first major support is near the $88,400 level and the 50% Fib retracement level of the upward move from the $83,870 swing low to the $92,912 high.

The next support is now near the $87,350 zone. Any more losses might send the price toward the $86,000 support in the near term. The main support sits at $84,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $90,800, followed by $88,400.

Major Resistance Levels – $93,000 and $93,500.

Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000.

• Bitcoin started a fresh decline below the $88,000 zone.
• The price is trading below $87,500 and the 100 hourly Simple moving average.
• There was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it settles below the $85,500 zone.

Bitcoin Price Attempts Recovery

Bitcoin price failed to stay above the $90,000 zone and started a fresh decline. BTC dipped sharply below $88,500 and $88,000. The bears even pushed the price below the $86,500 level.

A low was formed at $83,870 and the price is now correcting losses. There was a move above the $85,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $83,870 low.

Besides, there was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,250 level. The first key resistance is near the $88,000 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $83,870 low.

The next resistance could be $88,500. A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $88,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level.

The next support is now near the $83,500 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $81,200, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $85,500, followed by $85,000.

Major Resistance Levels – $87,250 and $88,000.

Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500.

• Bitcoin started a fresh decline below the $90,000 zone.
• The price is trading below $88,000 and the 100 hourly Simple moving average.
• There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it settles below the $86,500 zone.

Bitcoin Price Dips Again

Bitcoin price failed to settle above the $92,000 resistance zone and started a fresh decline. BTC dipped sharply below $90,500 and $90,000.

There was a break below a key bullish trend line with support at $89,500 on the hourly chart of the BTC/USD pair. The pair even spiked below $87,500. A low was formed at $86,500 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,850 level. The first key resistance is near the $89,200 level or the 50% Fib retracement level of the downward move from the $91,928 swing high to the $86,500 low.

The next resistance could be $89,500. A close above the $89,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,650 resistance. Any more gains might send the price toward the $91,500 level. The next barrier for the bulls could be $92,000 and $92,500.

More Losses In BTC?

If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $86,500 level. The first major support is near the $86,000 level.

The next support is now near the $85,500 zone. Any more losses might send the price toward the $83,500 support in the near term. The main support sits at $82,200, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $86,500, followed by $86,000.

Major Resistance Levels – $87,800 and $89,200.