BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $112,000 level.<\/p>\n
Another Drop In BTC?<\/h2>\n If Bitcoin fails to rise above the $100,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $98,800 level.<\/p>\n
The first major support is near the $98,000 level. The next support is now near the $96,500 zone or the 61.8% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high. Any more losses might send the price toward the $95,000 support in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $98,500, followed by $96,500.<\/p>\n
Major Resistance Levels \u2013 $100,000, and $102,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started a fresh increase and tested the $100,000 level. BTC is now showing many positive signs and might continue to rise. Bitcoin is gaining pace above the $96,500 zone. The price is trading below $98,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair tested the key milestone level at $100,000 and might extend gains. Bitcoin Price Hits $100K Bitcoin price started another increase above the $96,500 resistance zone. BTC was able to clear the $97,500 and $98,000 resistance levels. The bulls even pumped it to a new all-time high. There was a break above a key bearish trend line with resistance at $97,550 on the hourly chart of the BTC\/USD pair. Finally, the price tested the $100,000 level. The current price action suggests that the price might continue to rise and is stable above the 23.6% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high. Bitcoin price is now trading below $98,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $100,000 level. The first key resistance is near the $102,000 level. A clear move above the $102,000 resistance might send the price higher. The next key resistance could be $105,000. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $112,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $100,000 resistance zone, it could start another downside correction. Immediate support on the downside is near the $98,800 level. The first major support is near the $98,000 level. The next support is now near the $96,500 zone or the 61.8% Fib retracement level of the upward move from the $64,656 swing low to the $100,000 high. Any more losses might send the price toward the $95,000 support in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level. Major Support Levels \u2013 $98,500, followed by $96,500. Major Resistance Levels \u2013 $100,000, and $102,000.<\/p>\n","protected":false},"author":67,"featured_media":657624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-657622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price Soars to $100K: A New Era in Crypto Begins<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n