Watch these bitcoin prices at $ 100,000 on the horizon

Bitcoin (btcusdIt rose to its highest point in more than two months, and put it at the reach of the psychological level of $ 100,000.

Digital assets rose on Thursday after reports appeared that the investment bank Morgan Stanley is looking to add a spot Trading cryptocurrency to the trade platform E* Some time next year. He also received feelings with a boost after the strategy (MstrThe world’s largest company holder in Bitcoin said she plans to gain more bitcoin by offering $ 21 billion shares.

Bitcoin increased by about 30 % of the lowest level in April early, as investors sought this diversification Their governor is under the uncertainty surrounding the Trump administration’s commercial policies and its potential impact on the economy. Amid the recent market turmoil, bitcoin and shares sometimes moved in opposite two directions, which are evidence of some investors that the cryptocurrency finally shows its value as a safe haven.

The old cryptocurrency was 97,000 dollars recently, and its restrictions are still about 109,000 dollars in January, but from the lowest level last month less than 75,000 dollars.

Below, we take a closer look at the Bitcoin chart and apply Technical analysis To determine the decisive price levels that deserve attention.

The outbreak of the flag pattern

After leaving AA Comic Last month, the Bitcoin price rose sharply before integration in narrow banner pattern.

In winning the bulls, the leading cryptocurrency organ was organized Go out On Thursday, the upper direction line on Pennant is paving the way to move a higher continuation. Moreover, and Relative power index The momentum of upward prices, while directing the index towards peak lands.

However, it is worth noting Trading folders It remains less than average during the last rise of Bitcoin PriceParticipants in the market may remain on the margin.

Let’s define two decisive areas in the Bitcoin scheme, which may monitor investors and also define a key Support levels It is worth looking during the future Withdrawal.

The decisive public areas for viewing

The first Alawite area to watch is located at $ 100,000. This decisive site is likely to provide resistance Near the round number and Horizontal This links a set of trading activity on the graph between November and February.

A more upward step in the general expenses to resist Bitcoin prices can be witnessed about $ 107,000. Investors who collected the encoded currency may decide at lower prices Profit At this level near the prominent December and January Slanging highlands. This region is also compatible with the expected bars pattern upside down The goal that takes the impulsive step is higher than the flag and re -placing it from the point of the pattern.

Main support levels worth looking

During the decline, investors must initially monitor the level of $ 92,000. The recovery of this region may attract the purchase interest near the low flag pattern, which is also in line with many Qums and pelvis On the chart that runs to last November.

Finally, a separation Below this main technical level opens the door for a decrease to $ 85,000. Investors may seek Entry points In this region near the lowest February level and a period of Side drift On the previous chart of Bitcoin from the concession channel last month.

Comments, opinions and analyzes expressed in Investopedia are for media purposes only. Read with us Warranty and evacuation of responsibility For more information.

As of the date of writing this article, the author does not have any of the above -mentioned securities.