Bitcoin price started a major increase above $91,200. BTC is now showing 
bullish signs and might extend gains above $93,000. Bitcoin started a fresh 
increase above the $91,200 zone. The price is trading above $92,000 and the 
100 hourly Simple moving average. There is a key bullish trend line forming 
with support at $91,500 on the hourly chart of the BTC/USD pair (data feed 
from Kraken). The pair might continue to move up if it stays above the $91,200 
zone. Bitcoin Price Eyes More Upsides Bitcoin price remained supported above 
the $90,000 zone and started a fresh increase. BTC gained pace for a move 
above the $90,500 and $91,200 resistance levels. It even surpassed $92,000. A 
new multi-week high was formed at $93,333 and the price is now consolidating 
gains. It is stable above the 23.6% Fib retracement level of the recent upward 
move from the $90,804 swing low to the $93,333 high. Bitcoin is now trading 
above $92,000 and the 100 hourly Simple moving average. Besides, there is a 
key bullish trend line forming with support at $91,500 on the hourly chart of 
the BTC/USD pair. If the price remains stable above $91,500, it could attempt 
a fresh recovery wave. Immediate resistance is near the $93,200 level. The 
first key resistance is near the $93,500 level. The next resistance could be 
$94,000. A close above the $94,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $94,650 
resistance. Any more gains might send the price toward the $95,000 level. The 
next barrier for the bulls could be $95,500 and $95,800. Another Decline In 
BTC? If Bitcoin fails to rise above the $93,200 resistance zone, it could 
start another decline. Immediate support is near the $92,200 level. The first 
major support is near the $92,000 level or the 50% Fib retracement level of 
the recent upward move from the $90,804 swing low to the $93,333 high. The 
next support is now near the $91,500 zone. Any more losses might send the 
price toward the $90,500 support in the near term. The main support sits at 
$90,000, below which BTC might accelerate lower in the near term. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 
level. Major Support Levels – $92,000, followed by $91,500. Major Resistance 
Levels – $93,200 and $94,000.

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Cryptocurrency price in EUR