TA: Bitcoin Bulls Keeps Pushing, Why Rally Isn’t Over Yet
Bitcoin price remains well supported above the $47,000 zone against the US Dollar. BTC must clear $48,500 to start a decent increase towards the $50,000 level. Bitcoin corrected lower after it failed to clear the $48,500 resistance zone. The price is still trading above $47,000 and the 100 hourly simple moving average. There was a break above a short-term declining channel with resistance near $47,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue higher towards the $50,000 level if it breaks the $48,500 resistance. Bitcoin Price Remains Supported....
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