The price of bitcoin is trading to a new session high of $98,374. today stands at 98 010 $.
The run to the upside has brought the price closer to a swing area near $99,800. Just above that is a natural resistance at $100,000. A move above that area would give the buyers more control (and give the sellers more fear of another run to the upside).
It should be noted that the low price from Monday's trade came down to a swing area between $90,742 and $92,442 (see the yellow area and blue circles with numbers 10 and 11). The price extended the low to $91,315 before bouncing back to the upside. Holding that floor helped give buyers permission to push back to the upside.
On a move back lower, the nearby 100 and 200-hour moving averages at $94,800 would be seen as technical support. A move below these arrears would give the sellers reason to stop.
