TA: Bitcoin Corrects Gains, Why Dips Remain Attractive To Bulls
Bitcoin price started a fresh increase above the $40,000 resistance zone against the US Dollar. BTC tested the $45,000 resistance zone before it started a downside correction. Bitcoin gained traction above the $40,000 and $43,500 resistance levels. The price is now trading above $42,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $44,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but the bulls are likely to remain active near $42,000. Bitcoin Price Remains Supported Bitcoin....
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