BTC supports $111 kg. It shows signs of recovery
key atways
BTC is up over 1% and is now trading over 111k.
If the coin continues its momentum, it can reach $ 115 kg.
Crypto market will find stability
The market has been volatile since the beginning of the week, when the cry Weakin complained. However, the market has stabilized in the last 24 hours with major coins registering healthy gains.
Bitcoin, Ether and XRP prices have shown signs of stability today after their recent declines. The leading cryptors are buying above key levels, with key indicators looking at possible signs of near-term entry.
Bitcoin eyes of 115 km.
The BTC/USD 4 hour chart remains bullish even though the price is up 1% over the past 24 hours. The 50-day moving average index (EMDI) dropped 3% to 3% on Wednesday from $113,329 earlier this week.
However, it joined the 61.8% fiboncci retracement level at $106,453 and returned 2.33% above 111kg on Thursday.
The Relative Strength Index (RSI) indicator on the 4-hour chart indicates the first signs of a bullish trend with 58 points above the 4-hour chart. RSI should be above 50 to start a continuous rally. In addition, the moving average of the local local contact ability (MACD) lines were collected in the last 24 hours to allow the formation of more 24 well crystals.
If a significant trend continues, BBCON can extend to the 50-day EMA at $113,329. An extended bull run allows him to receive the ULQ level at $115,137.
However, if the bulls can build at this moment, the daily candles below $106,453 can break below $102,000 in the next few days after October 10.
The completion is changing the momentum, and this Bitcoin will see us resisting the current gains up to $115K.
