Bitcoin price rose for the second successive day on Thursday, rising by more than 1% after retesting the $105k resistance mark.
Bitcoin price rose for the second consecutive day on Thursday, adding more than 1% after retesting the $105k resistance mark.
The crypto market bellwether saw its trading volume go up by 24 percent in the last 24 hours. A spike in an asset’s traded volume during a price uptrend signals a high demand.
Bitcoin price was seen pivoting at $104,200 and action above that level will favour the buyers to be in control. Conversely, the momentum will shift to the downside if the price breaks below that level.
Primary resistance is likely to be at $106,010. An extended control by the buyers could take the action higher and test $108,010.
The first support at $102,310. The upside narrative will be invalidated by a break below that level. The resulting momentum could take BTCUSD lower to test $99,570.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
