Bitcoin Price Attempts Recovery But Here’s Why Its Path Is Fill With Challenges
Bitcoin price is slowly moving higher above $26,000. BTC is showing signs of recovery but is still struggling to clear the $26,500 resistance zone. Bitcoin is up 2% and trading above the $26,000 resistance zone. The price is trading well above $26,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance near $25,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $26,500 and $26,750 resistance levels. Bitcoin Price Avoids Downside Break Bitcoin price managed to stay above the $25,350....
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The investment comes as Australia attempts to make a recovery from the recession brought by the COVID-19 pandemic.