The Bitcoin ETF currently buy six times more BTC than minors produce, which could lead to a shortage and make the price of bitcoin climb strongly. This dynamic is carried by an important institutional demand. In parallel, the price of Bitcoin continues to evolve more $ 90,000, but it has not yet managed to reach $ 100,000. Is an ATH possible? We take stock of the technical situation of the BTC in the bulletin of the day!
Bitcoin's course drops 1.5 % in 24 hours
And btc a Blocked around $ 98,000 at the end of the week, and he then fell at $ 93,500. Therefore, the price of Bitcoin starts the week beyond $ 90,000but he 1.5 % fall in 24 hours : Bitcoin performance in the face of different pairs. Source: Coincheckup The King of Cryptos Stagn for a weekbut he has an increase of almost 13 % in a month. For its part, the BTC/ETH pair Stagn for a weekbut she progresses 13 % in a monthmore than 45 % in three months and 80 % in six months.
Bitcoin prices could reach the resistance at $ 104,000
The king of cryptos now displays an increase in Approximately 30 % from the last lowest at $ 74,500. The course has rebounded and he managed to return above the Key area around $ 92,000 :
Bitcoin course against the dollar (1W)-Register for trading view using our affiliation link. Now, the Support at $ 92,000 and the Institutional bias (EMA 9/EMA 18) HAUSSIER could act as support. And if that's the case, the course could find the Resistance at $ 104,000even the last Historic summit at $ 109,500. The objective of the Bulls is not to lose the Support at $ 92,000. The RSI is once again bullish because it develops above the downward trendline. THE buyers have a hand on the momentum.
New increase to come to $ 99,000 for the BTC?
Bitcoin's course continues hollows and ascending summits for several weeks, and Mobiles 9 and 18 tend to act in support :
Bitcoin course against the dollar (4 hours)-Register for trading view using our affiliation link. But the RSI validated a divergenceand that indicates that buyers run out of steam. As long as the RSI is under the downward trend, it will remain fragile. Despite everything, the trend is always to the advantage of bulls in 4 hours, and as long as the Support at $ 92,000 is preserved, a return to the Resistance at $ 99,000 is possible. Otherwise, the BTC could fall under $ 90,000. The Bitcoin price resumed the key area at $ 92,000, and as long as this level is, we can hope for a new wave of increases towards $ 100,000 and the last ATH. Thanks to the recent increase in BTC, the Crypto market exceeded $ 3,000 billion.