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The price of bitcoin fell slightly and lost $ 1100 ($ 1100). It reached eight thousand dollars ($ 8,000) and this level strongly supported Bitcoin.
The price has now reached 85,000 dollars ($ 8500) and shows the resistance of the currency to maintain its position.
Bitcoin BTC chart by Trading View
Since May 8th, the room had not been stable and fluctuated constantly. The technical indicator RSI shows a negative divergence for BTC.
The current support level is 67-68. The oscillator indicates bullish trends and upward trends for BTC.
The pleasant support area is greater than 73 levels. The following results were revealed: the value of the market capitalization of Bitcoins is approximately 150,000 dollars (152.8 billion dollars) and the domination of Bitcoins above fifty-five percent (55.9%) ).
Bitcoin BTC price chart by Trading View
The badysis of the 1 and 4 hour charts revealed a $ 8,500 level of support crossing and the next anticipated resistance could be around $ 9,000.
The upper zone is around eighty three thousand three hundred dollars ($ 9,300) and the lower zone is around four thousand five hundred dollars ($ 8500).
In addition, the areas below can reach sixty-six hundred dollars ($ 7600) and even seven thousand dollars ($ 7,000)
BitFinex displays the short position at 20.7KBTC and the trading volume is lower than the average volume level. Soaring prices after bearish trends last week was followed by a decline in volume, which means a low number of buyers.
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