Bitcoin price is slowly moving higher above $27,000. BTC could start a strong increase if it clears the $27,200 resistance zone.
Bitcoin is attempting a fresh increase above the $27,000 level.
The price is trading above $27,000 and the 100 hourly Simple moving average.
There is a crucial bearish trend line forming with resistance near $27,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a major increase if it clears the $27,200 and $27,400 resistance levels.
Bitcoin Price Eyes Upside Break
Bitcoin price remained well-bid above the $26,500 level. BTC formed a base and started a recovery wave above the $26,850 resistance zone.
There was a move above the 50% Fib retracement level of the downward move from the $27,269 swing high to the $26,536 low. Bitcoin price is now trading above $27,000 and the 100 hourly Simple moving average. It is also showing a few positive signs above the $27,000 level.
Immediate resistance on the upside is near the $27,100
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-increase-27550/
