Bitcoin Price Surges Ahead: Is This The Start of a Bigger Run?
Bitcoin price extended gains above the $68,000 resistance zone. BTC is now consolidating and aiming for more gains above the $69,500 resistance. Bitcoin remaine
Bitcoin price extended gains above the $68,000 resistance zone. BTC is now consolidating and aiming for more gains above the $69,500 resistance.
Bitcoin remained stable and extended gains above the $68,500 zone.
The price is trading above $68,500 and the 100 hourly Simple moving average.
There is a key contracting triangle forming with support at $68,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rally further if there is a close above the $69,450 resistance zone.
Bitcoin Price Rises Toward $70,000
Bitcoin price remained supported above the $67,500 zone. BTC started another minor increase above the $68,000 resistance zone. The bulls were able to clear the $68,800 barrier.
The price even cleared the $69,000 level. A high was formed near $69,428 and the price is now consolidating gains. There was a minor decline below the $69,000 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $66,644 swing low to the $69,428…
