Bitcoin Price Breakout In Progress—Momentum Builds Above Resistance
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $88,000 zone. Bitcoin Price Eyes Steady Increase Bitcoin price remained stable above the $83,200 level and started a fresh....
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