đ„ War Tensions Erupt â Bitcoin Tanks Below Key Levels!
Below $103,000, bitcoin price fell again. BTC is consolidating and may struggle to break $103,500.
Bitcoin fell again below $103,000.
Prices are below $102,500 and the 100-hour Simple moving average.
The hourly BTC/USD chart shows a negative trend line with resistance at $101,250.
If it remains over $100,000, the pair may rise again.
Further Bitcoin Price Drop
Bitcoin fell below $105,500 again. BTC accelerated and fell below $104,200 and $103,000.
A clear drop below $102,000 support. Last, the price tested $98,250. A consolidation phase began at $98,277, the low. A modest rebound occurred above the 23.6% Fib retracement level of the $106,470 swing high to $98,277 low decline.
However, bears operated below $101,200. Bitcoin has fallen below $102,000 and the 100-hour SMA. The hourly BTC/USD chart shows a negative trend line with resistance at $101,250.
Near $101,250 is immediate upward barrier. The first important barrier is $102,500, the 50% Fib retracement level of the decline from $106,470 swing high to $98,277 low. The next hurdle may be $103,500.
A closing above $103,500 barrier might boost prices. If the price rises, it may challenge $105,000 barrier. More advances might push the price beyond $106,200.
Another BTC Drop?
Bitcoin may fall again if it fails to break $102,000. Near $100,150 is immediate support. Near $98,500 is the first big support.
Around $96,500 is the next support. More losses might push the price toward $95,500. BTC may struggle to find offers below $95,000, the primary support.
The technical indications
Hourly MACD - MACD is falling in the negative zone.
Relative Strength Index hourly BTC/USD RSI is below 50.
Major Support Levels: $100,150, $100,000.
Key Resistance Levels: $101,250, $103,500.
