Five days ago, bitcoin was unable to fall below $107430. Four days ago, bitcoin did not fall below $107300. Two days ago, bitcoin support stayed at $107200.
Now it is showing like bitcoin price may increase and not fall less than $107000. What do yu think about this? Will bitcoin price increase or not?
Bitcoin price right now is $110400.
I think the price of bitcoin will increase. With your illustrations, it shows that bitcoin has a solid support within that range. Bitcoin price has hover around $108k and $107k for some days, if it was to go below that it would have done that already. With the price gradually coming up I think it will continue to go up to about $120k and above before there will be another market correction that will push the price downward again. But for now I believe it will increase more from here.