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btcusd - Ad-Doge BLOG

Bitcoin Price Respects Support Zone — Bulls Eye Fresh Rally

Bitcoin price remained supported above the $107,500 zone. BTC is now recovering losses and might aim for a move above the $109,200 resistance. Bitcoin started a recovery wave above the $108,000 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at…

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently after a volatile start to July. However, a closer look at on-chain data shows how fragile that position might be.  Interestingly, two support levels, $106,738 and $98,566, are now the most important zones for bulls to defend. These levels represent clusters of addresses holding large amounts of Bitcoin, and losing them could…