Bitcoin price started a consolidation phase below $90,500. BTC is consolidating losses and might attempt a recovery wave if it clears $91,500.

• Bitcoin started a minor recovery wave from the $87,200 level.
• The price is trading below $90,500 and the 100 hourly Simple moving average.
• There was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might recover if it manages to settle above $90,500 and $91,500.

Bitcoin Price Eyes Recovery

Bitcoin price failed to stay above the $90,000 support and extended losses. BTC declined sharply below the $89,500 and $88,000 support levels.

The bears even pushed the price below $87,500. A low was formed at $87,200, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.

Besides, there was a break above a short-term bearish trend line with resistance at $89,700 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average.

If the price remains stable above $89,000, it could attempt a fresh increase. Immediate resistance is near the $90,300 level. The first key resistance is near the $91,500 level since it is close to the 50% Fib retracement level of the downward move from the $95,475 swing high to the $87,200 low.

A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $92,300 resistance. Any more gains might send the price toward the $93,000 level. The next barrier for the bulls could be $95,000 and $95,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $91,500 resistance zone, it could start another decline. Immediate support is near the $89,000 level. The first major support is near the $88,200 level.

The next support is now near the $87,500 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,500, 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 – $89,000, followed by $88,200.

Major Resistance Levels – $90,300 and $91,500.

Bitcoin price started a fresh decline below $89,500. BTC is consolidating losses and might attempt a recovery wave if it clears $92,000.

• Bitcoin started another drop below $90,000 and $89,000.
• The price is trading below $90,500 and the 100 hourly Simple moving average.
• There are two bearish trend lines forming with resistance at $90,300 and $93,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it stays below the $92,000 zone.

Bitcoin Price Dips To New Weekly Lows

Bitcoin price failed to stay above the $91,000 support and started a fresh decline. BTC declined sharply below the $90,000 and $89,500 support levels.

The bears even pushed the price below $88,000. A low was formed at $87,200, and the price is now consolidating losses. There was a minor recovery wave above $89,200 and the 23.6% Fib retracement level of the recent decline from the $95,475 swing high to the $87,200 low.

Bitcoin is now trading below $90,500 and the 100 hourly Simple moving average. If the price remains stable above $88,000, it could attempt a fresh increase. Immediate resistance is near the $90,500 level. Besides, there are two bearish trend lines forming with resistance at $90,300 and $93,000 on the hourly chart of the BTC/USD pair.

The first key resistance is near the $91,000 level. The next resistance could be $91,350 or the 50% Fib retracement level of the recent decline from the $95,475 swing high to the $87,200 low. A close above the $91,350 resistance might send the price further higher. In the stated case, the price could rise and test the $93,000 resistance. Any more gains might send the price toward the $94,000 level. The next barrier for the bulls could be $95,000 and $95,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $91,350 resistance zone, it could start another decline. Immediate support is near the $89,150 level. The first major support is near the $88,000 level.

The next support is now near the $87,200 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,500, 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 – $89,150, followed by $88,000.

Major Resistance Levels – $91,350 and $92,000.

Bitcoin price started a fresh decline below $90,000. BTC is consolidating losses and remains at risk of more losses if it dips below $88,000.

• Bitcoin started a sharp decline below $92,000 and $90,000.
• The price is trading below $90,000 and the 100 hourly Simple moving average.
• There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it stays below the $92,000 zone.

Bitcoin Price Dips 5%

Bitcoin price failed to stay above the $92,500 support and started a fresh decline. BTC declined sharply below the $91,000 and $90,500 support levels.

The bears even pushed the price below $90,000. A low was formed at $87,784, and the price is now consolidating losses. There was a minor recovery wave above $88,500, but the price stayed below the 23.6% Fib retracement level of the recent decline from the $95,475 swing high to the $87,784 low.

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the price remains stable above $88,000, it could attempt a fresh increase. Immediate resistance is near the $89,600 level. The first key resistance is near the $90,000 level.

The next resistance could be $91,650 or the 50% Fib retracement level of the recent decline from the $95,475 swing high to the $87,784 low. A close above the $91,650 resistance might send the price further higher. In the stated case, the price could rise and test the $92,000 resistance.

Any more gains might send the price toward the $94,000 level. There is also a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair. The next barrier for the bulls could be $95,000 and $95,500.

More Losses In BTC?

If Bitcoin fails to rise above the $91,650 resistance zone, it could start another decline. Immediate support is near the $88,800 level. The first major support is near the $88,000 level.

The next support is now near the $87,500 zone. Any more losses might send the price toward the $86,200 support in the near term. The main support sits at $85,000, 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 – $88,800, followed by $88,000.

Major Resistance Levels – $91,650 and $92,000.

Bitcoin price started a fresh decline below $94,000. BTC is consolidating losses and remains at risk of more losses if it dips below $91,500.

• Bitcoin started a sharp decline below $94,000 and $93,000.
• The price is trading below $93,000 and the 100 hourly Simple moving average.
• There is a bearish trend line forming with resistance at $94,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it stays below the $94,000 zone.

Bitcoin Price Turns Red

Bitcoin price failed to stay above the $93,500 support and started a fresh decline. BTC declined sharply below the $93,000 and $92,500 support levels.

The bears even pushed the price below $92,000. A low was formed at $91,866, and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the recent decline from the $95,475 swing high to the $91,866 low.

However, the bears remained active near $93,200. Besides, there is a bearish trend line forming with resistance at $94,600 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average. If the price remains stable above $92,000, it could attempt a fresh increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,200 level.

The next resistance could be $93,650 or the 50% Fib retracement level of the recent decline from the $95,475 swing high to the $91,866 low. A close above the $93,650 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500.

Downside Break In BTC?

If Bitcoin fails to rise above the $93,650 resistance zone, it could start another decline. Immediate support is near the $92,000 level. The first major support is near the $91,800 level.

The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,500 support in the near term. The main support sits at $90,000, 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 – $92,000, followed by $91,800.

Major Resistance Levels – $93,650 and $94,000.

Bitcoin price started a fresh decline below $95,000. BTC is consolidating losses and remains at risk of more losses if it dips below $92,000.

• Bitcoin started a sharp decline below $95,000 and $94,000.
• The price is trading below $93,500 and the 100 hourly Simple moving average.
• There was a break below a declining channel with support at $93,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it stays below the $954000 zone.

Bitcoin Price Dips Sharply

Bitcoin price failed to stay above the $94,500 support and started a fresh decline. BTC declined sharply below the $94,000 and $93,500 support levels.

There was a move below the 61.8% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Besides, there was a break below a declining channel with support at $93,550 on the hourly chart of the BTC/USD pair.

The price even spiked below $92,000. It tested the 76.4% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Bitcoin is now trading below $93,500 and the 100 hourly Simple moving average.

If the price remains stable above $92,000, it could attempt a fresh increase. Immediate resistance is near the $93,000 level. The first key resistance is near the $93,500 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 $96,400.

Downside Continuation In BTC?

If Bitcoin fails to rise above the $93,500 resistance zone, it could start another decline. Immediate support is near the $92,000 level. The first major support is near the $91,800 level.

The next support is now near the $91,300 zone. Any more losses might send the price toward the $90,500 support in the near term. The main support sits at $90,000, 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 below the 50 level.

Major Support Levels – $92,000, followed by $91,800.

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

Bitcoin price started a fresh increase above $96,000. BTC is correcting some gains and might decline to $94,000 before a fresh increase.

• Bitcoin started a decent increase above $95,000 and $96,000.
• The price is trading above $95,000 and the 100 hourly Simple moving average.
• There is a declining channel or a possible bullish flag forming with resistance at $96,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it stays above the $95,000 zone.

Bitcoin Price Dips and Corrects Some Gains

Bitcoin price managed to stay above the $93,500 support and started a fresh increase. BTC was able to settle above $95,000 and $95,500.

The bulls were able to push the price above $96,000. Finally, the price spiked above $97,500. A high was formed at $97,898, and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.

Bitcoin is now trading above $95,000 and the 100 hourly Simple moving average. If the price remains stable above $95,000, it could attempt a fresh increase. Immediate resistance is near the $96,000 level. The first key resistance is near the $96,200 level. There is also a declining channel or a possible bullish flag forming with resistance at $96,200 on the hourly chart of the BTC/USD pair.

The next resistance could be $97,000. A close above the $97,000 resistance might send the price further higher. In the stated case, the price could rise and test the $97,800 resistance. Any more gains might send the price toward the $98,800 level. The next barrier for the bulls could be $99,200 and $100,000.

Downside Continuation In BTC?

If Bitcoin fails to rise above the $96,200 resistance zone, it could start another decline. Immediate support is near the $95,000 level. The first major support is near the $94,000 level and the 50% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.

The next support is now near the $93,000 zone. Any more losses might send the price toward the $91,850 support in the near term. The main support sits at $91,500, 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 – $95,000, followed by $94,000.

Major Resistance Levels – $96,200 and $97,000.

Bitcoin price started a fresh increase above $95,500. BTC is trading above $96,000 and might soon aim for a move to $100k in the near term.

• Bitcoin started a decent increase above $94,000 and $95,500.
• The price is trading above $95,000 and the 100 hourly Simple moving average.
• There is a bullish trend line forming with support at $95,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it stays above the $95,000 zone.

Bitcoin Price Breaks Key Resistance

Bitcoin price managed to stay above the $92,500 support and started a fresh increase. BTC was able to settle above $94,000 and $95,000.

The bulls were able to push the price above $95,500. Finally, the price spiked above $97,000. A high was formed at $97,898, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.

Bitcoin is now trading above $96,000 and the 100 hourly Simple moving average. If the price remains stable above $95,500, it could attempt a fresh increase. Immediate resistance is near the $97,200 level. The first key resistance is near the $97,800 level.

The next resistance could be $98,000. A close above the $98,000 resistance might send the price further higher. In the stated case, the price could rise and test the $98,800 resistance. Any more gains might send the price toward the $99,500 level. The next barrier for the bulls could be $99,800 and $100,000.

Another Drop In BTC?

If Bitcoin fails to rise above the $97,200 resistance zone, it could start another decline. Immediate support is near the $96,000 level. The first major support is near the $95,250 level and the trend line.

The next support is now near the $94,000 zone or the 50% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high. Any more losses might send the price toward the $93,000 support in the near term. The main support sits at $92,500, 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 above the 50 level.

Major Support Levels – $96,000, followed by $95,250.

Major Resistance Levels – $97,200 and $97,800.

Bitcoin price started a fresh increase above $92,500. BTC is trading above $95,000 and attempting a close for another increase to $100k.

• Bitcoin started a decent increase above $92,000 and $94,500.
• The price is trading above $95,000 and the 100 hourly Simple moving average.
• There was a break above a contracting triangle with resistance 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 stays above the $94,000 zone.

Bitcoin Price Gains Over 4%

Bitcoin price managed to stay above the $90,500 support and started a fresh increase. BTC was able to settle above $92,000 and $92,500.

There was a break above a contracting triangle with resistance at $92,000 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above $93,500. Finally, the price spiked above $96,000. A high was formed at $96,476, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $89,995 swing low to the $96,476 high.

Bitcoin is now trading above $95,000 and the 100 hourly Simple moving average. If the price remains stable above $94,500, it could attempt a fresh increase. Immediate resistance is near the $96,000 level. The first key resistance is near the $96,500 level.

The next resistance could be $96,800. A close above the $96,800 resistance might send the price further higher. In the stated case, the price could rise and test the $98,000 resistance. Any more gains might send the price toward the $98,500 level. The next barrier for the bulls could be $99,000 and $100,000.

Another Drop In BTC?

If Bitcoin fails to rise above the $96,000 resistance zone, it could start another decline. Immediate support is near the $95,000 level. The first major support is near the $94,500 level.

The next support is now near the $93,200 zone or the 50% Fib retracement level of the recent wave from the $89,995 swing low to the $96,476 high. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,500, 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 above the 50 level.

Major Support Levels – $95,000, followed by $94,500.

Major Resistance Levels – $96,000 and $96,800.

Bitcoin price started a consolidation phase below $92,000. BTC is holding the $89,500 support and might attempt to start a fresh increase.

• Bitcoin started a recovery wave above $90,000 and $90,500.
• The price is trading above $91,000 and the 100 hourly Simple moving average.
• There is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it stays above the $90,000 zone.

Bitcoin Price Stays In A Range

Bitcoin price managed to stay above the $89,500 support and started a minor recovery wave. BTC was able to settle above $90,000 and $90,500.

The bulls were able to push the price above $91,500, and the 23.6% Fib retracement level of the downward move from the $93,770 swing high to the $89,225 low. However, the price seems to be facing a major hurdle near the $92,000 level.

The 50% Fib retracement level of the downward move from the $93,770 swing high to the $89,225 low is acting as a resistance. Besides, there is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading above $91,000 and the 100 hourly Simple moving average. If the price remains stable above $90,500, it could attempt a fresh increase. Immediate resistance is near the $92,000 level. The first key resistance is near the $92,800 level.

The next resistance could be $93,450. A close above the $93,450 resistance might send the price further higher. In the stated case, the price could rise and test the $94,000 resistance. Any more gains might send the price toward the $94,500 level. The next barrier for the bulls could be $95,000 and $95,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $92,000 resistance zone, it could start another decline. Immediate support is near the $91,000 level. The first major support is near the $90,650 level and the trend line.

The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,500 support in the near term. The main support sits at $89,250, 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 near the 50 level.

Major Support Levels – $91,000, followed by $90,650.

Major Resistance Levels – $92,000 and $92,800.