TA: Bitcoin Attempts Fresh Increase, Why Upsides Remain Capped
Bitcoin attempted a fresh increase above $39,500 against the US Dollar. BTC is still facing a strong resistance near $39,800 and $40,000. Bitcoin spiked above $39,500, but it failed to clear the $40,000 resistance zone. The price is trading near $39,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $38,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $39,800 and $40,000 resistance levels to start a fresh increase. Bitcoin Price Faces Hurdle Bitcoin price started a recovery wave....
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