Bitcoin Price Bounces Back—Can It Finally Break Resistance?

Bitcoin Price Bounces Back—Can It Finally Break Resistance?

Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $83,500 zone. Bitcoin Price Starts Recovery Bitcoin price managed to stay above the $82,000 support zone. BTC formed a....


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Bitcoin Price Bounces Higher – Clears Resistance, But Next Barrier Still Looms

Bitcoin price started a recovery wave and traded above $114,000. BTC is trading above $114,000 and facing hurdles near $115,000. Bitcoin started a fresh recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $112,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $115,000 zone. Bitcoin Price Gains Traction Bitcoin price managed to stay above the $110,500 zone and started a recovery wave. BTC....