TA: Bitcoin Near Crucial Juncture: Why BTC Could Surge Further

TA: Bitcoin Near Crucial Juncture: Why BTC Could Surge Further

Bitcoin is attempting an upside break above the $38,800 resistance zone against the US Dollar. BTC could rally further unless it fails to stay above $37,400. Bitcoin started a fresh increase and was able to clear the $38,000 resistance zone. The price is now trading above $37,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $37,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if there is a clear move above the $38,800 resistance zone. Bitcoin Price Starts Fresh Increase....


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