Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000.
Bitcoin started a fresh increase from the $86,600 zone.
The price is trading above $88,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if it clears the $91,000 resistance zone.
Bitcoin Price Aims Higher
Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before the bulls appeared.
A low was formed at $86,622 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $91,839 and the price is now consolidating. It tested the 50% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high.
Bitcoin price is now trading above $88,0
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-bulls-rally-continues/
