TA: Bitcoin Corrects From $55.8K, Why Dips Could Be Limited
Bitcoin price extended its rise above the $55,000 resistance against the US Dollar. BTC is correcting lower from $55,800 and it could find bids near the $52,500 zone. Bitcoin climbed further above the $54,500 and $55,000 resistance levels. The price is now trading well above $52,500 and the 100 hourly simple moving average. There is […]
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Bitcoin struggled to gain pace above the $48,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $46,000. Bitcoin gained pace above $47,500 and traded as high as $48,200. The price is trading above $46,500 and the 100 hourly simple moving average. There is a key breakout pattern forming with support near $46,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $46,000 support zone. Bitcoin Price Remains Supported Bitcoin price extended increase above the $47,500 resistance....
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