BTC slides to less than 107.5 thousand dollars on concerns selling customs tariffs

The last decline of Bitcoin has created a strong size resistance near $ 108,300, with subsidies consisting in a $ 106,700-107,000 dollar area.

The correction accelerated with remarkable prices from 107373 dollars to 107,671 dollars between 13: 06-13: 36, followed by a sharp reflection.

Technical analysis indicates that Bitcoin is now circulating inside a pressure area, besieging between two main gaps in the fair value that will determine the direction of the next market.

If Bulls regains an area of ​​109 thousand dollars to 110 thousand dollars, the price may lead to the resistance exceeding 112 thousand dollars, while a break less than 107,000 dollars may test liquidity about 106 thousand dollars.

The collapse of technical analysis

• The decrease accelerated through 22: 00-23: 00 hours on May 24 with exceptionally large size (16335 BTC), providing strong resistance based on size near $ 108,300.
• Support is in the area of ​​$ 106,700-107,000 dollars, as buyers appeared during the period 09: 00-10: 00 on May 25, although the recovery attempts are modest with the standardization of prices about $ 107,500.
• The general artistic structure indicates a short -term declining trend with the possibility of monotheism more monotheism before the clarity of the direction appears.
• Bitcoin witnessed significant fluctuations with remarkable prices from 107373 dollars to 107,671 dollars between 13: 06-13: 36, followed by a sharp reflection that saw the decrease in prices to 107393 dollars by 14:00.
• The most fundamental price movement occurred during a candle of 13:35 minutes, when BTC jumped approximately $ 150 with an exceptional large size (148.76 BTC), which led to temporary resistance about $ 107,630.
• Support is near 107,400 dollars, as buyers appeared during the last minutes of this period, although the total artistic structure indicates the continued unification of the wider correction of the height of 109239 dollars.

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