TA: Bitcoin Price Lacks Momentum Above $20K, But Dips Likely To Be Limited
Bitcoin is struggling to gain momentum above $20,000 against the US Dollar. BTC could rise steadily if there is a clear move above the $20,200 resistance zone. Bitcoin is stuck near the $20,000 zone and trading below the $20,550 resistance. The price is now trading near the $20,000 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if it clears the $20,200 zone and $20,550 resistance levels. Bitcoin Price Stuck Near....
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