On the topside, the $89,113 level stands out as a key resistance zone. This area marks the 38.2% retracement of the decline from the all-time high and coincides with a notable swing area (highlighted by the red numbered circles). A break above this level would be a bullish technical development, with further resistance eyed near the psychological $90,000 mark, followed by the 50% retracement level at $92,978.
The near-term technical battle is clearly defined: support at the 200-bar moving average vs. resistance at the 38.2% retracement. A break outside of this range will likely determine the next directional move for BTCUSD.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about bitcoin trying to stretch higher approaches a retracement and swing level was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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