Bitcoin Price Stabilizes After Surge — Is It Gearing Up for Another Leg Up?
Bitcoin price is moving higher above the $93,200 zone. BTC is consolidating gains and might continue higher above the $94,000 zone in the near term. Bitcoin started a decent upward move above the $91,500 and $92,500 levels. The price is trading above $91,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,650 zone. Bitcoin Price Consolidates Gains Bitcoin price remained stable above the $88,000 level....
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