BTC accelerates and focuses on $ 130,000 – Bitcoin 11. August

Salvador, already a pioneer in the adoption of Bitcoins, could launch the world’s first Bitcoin bank. A mysterious project that is part of the pro-crito policy Nayib Bukele, despite the pressure of the IMF. In parallel, the price of bitcoins is very close to registering a new historical summit. And according to Bitcoin Magazine Pro metrics, the king of cryptocurrency is potentially far from finding the last peak. In the vote of 11 August we technically analyze BTC. Let’s!

The price of bitcoins rises 3.2 % per 24 hours

The increase recorded this weekend allowed the king of cryptocurrency exceed $ 120,000 and return very close toAth of July 14. The Bitcoins course has an increase 3.2 % in 24 hoursand 6.4 % per week ::

Few	1h	24h	7D	1m	3m	6m
BTC/ETH	0.58%	1.30%	-12.01%	-28.75%	-32.30%	-23.08%
BTC/USDT	0.14%	3.19%	6.35%	3.63%	19.81%	27.72%

Bitcoin performance in the face of different couples. Source: Coincheckup

BTC comes from 3.6 % per monthclose 20 % in three months and 28 % in six months. As far as part of it is concerned, the BTC/ETH steam rises1.3 % in 24 hoursbut she A decline of 12 % per weekfrom 30 % per month and 23 % in six months.

The price of bitcoins closes a week under $ 120,000

Bitcoin course closed the previous week around 119,000 $or very close Last ATH for $ 123,200. PUSH Dynamics is always upstairs on this active week and fence for ATH would allow this Continue to dynamics on site And head to $ 130,000 ::

In case of a fall, the course could rely on Mobile Averages (EMA 9/EMA 18) Housing. These mobile diameters have already served Dynamic supportand they could still enable during bounce. Also Level to $ 104,000 could serve as support in case Deeper autumn.

RSI is in contact with the trend line Downstream. If there Ascending dynamics continues to BTC, Trendline could be broken on RSIAnd under these conditions we often have bull volatility.

BTC exceeds $ 117,000 and accelerates to ATH

Eventually the buyer managed to bring back the price of bitcoins over $ 117,000. BTC has noticed a lower around $ 112,000and the course is now evolving Over $ 120,000 ::

For several days, Mobile diameters (EMA 9/ EMA 18) serve as Dynamic support. So in case of bankruptcy the course could find buyers around 119,000 $or at a level Support for $ 117,000. On the other hand, a fall under support could return the course 112,000 $. RSI is a bull. The Dynamics is the advantage of buyers in the short term.

The price of bitcoins starts a week over $ 120,000. Under these conditions, the king of the cryptocurrency soon could verify the new ATH and accelerate to $ 130,000. And Ethereum could take advantage of the Bitcoins phase, as in 2021.

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