Bitcoin price is moving higher above $116,500. BTC is now facing hurdles and might gain bullish momentum if it clears the $117,250 resistance zone.
Bitcoin started a fresh increase above the $116,200 zone.
The price is trading below $116,200 and the 100 hourly Simple moving average.
There is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another increase if it clears the $117,250 zone.
Bitcoin Price Faces Key Hurdle
Bitcoin price started a fresh upward wave above the $115,500 zone. BTC managed to climb above the $116,000 and $116,200 resistance levels.
The bulls were able to push the price above $117,000. The price traded as high as $117,291 and recently started a downside correction. There was a move below the $116,800 level. The price dipped below the 50% Fib retracement level of the recent move from the $114,157 swing low to the $117,291 high.
However, the bulls were activ
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-big-test-117k/
