TA: Why Bitcoin Price Aims $50K, Dips Remain Attractive
Bitcoin price started a fresh increase from the $45,500 support against the US Dollar. BTC is likely to accelerate higher above the $48,000 resistance zone. Bitcoin is trading nicely above the $45,500 and $46,500 resistance levels. The price is now trading below $47,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $46,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to extend its increase above the main $48,000 resistance zone. Bitcoin Price Gains Momentum Bitcoin price remained well bid above....
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