Bitcoin Trades Sideways, Technicals Point Chances of Fresh Rally
Bitcoin price is struggling to gain pace above $63,500 against the US Dollar. BTC could start a fresh rally if it clears $63,500 and $64,000 in the near term. Bitcoin is facing resistance near the $63,500 and $64,000 levels. The price is now trading above $62,500 and the 100 hourly simple moving average. There is a major contracting triangle forming with support near $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a clear break above $63,500. Bitcoin Price Consolidates Bitcoin price made another attempt to gain....
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