TA: Why Bitcoin Price Could Eye Strong Recovery Above $41.5K
Bitcoin is correcting losses and trading above $41,000 against the US Dollar. BTC could gain bullish momentum above $41,350 and $41,500. Bitcoin remained well bid above $39,250 and started a fresh increase. The price is now trading above $41,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $40,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if there is a clear move above the $41,500 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price remained well bid above the....
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