Bitcoin Attempts Fresh Increase, Why BTC Could Struggle Near $62K
Bitcoin price started a fresh increase above $60,000 against the US Dollar. BTC is rising and it could attempt an upside break above the $62,000 resistance. Bitcoin managed to pump above the $60,000 and $61,000 levels. The price is now trading above $61,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $61,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must settle above $62,000 to start a major increase in the near term. Bitcoin Price Starts Fresh Increase Bitcoin price found support near $58,140....
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