TA: Bitcoin Shows Recovery Signs and Could Rally Above $40K
Bitcoin is correcting losses and trading above $39,000 against the US Dollar. BTC could gain bullish momentum if it clears the $40,000 resistance zone. Bitcoin is slowly recovering and trading above the $39,000 zone. The price is trading above $39,200 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $38,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher and could even surpass the $40,000 resistance zone. Bitcoin Price Starts Correction Bitcoin price extended decline below the....
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