Bitcoin price started a fresh increase above $95,500. BTC is trading above $96,000 and might soon aim for a move to $100k in the near term.
Bitcoin started a decent increase above $94,000 and $95,500.
The price is trading above $95,000 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $95,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it stays above the $95,000 zone.
Bitcoin Price Breaks Key Resistance
Bitcoin price managed to stay above the $92,500 support and started a fresh increase. BTC was able to settle above $94,000 and $95,000.
The bulls were able to push the price above $95,500. Finally, the price spiked above $97,000. A high was formed at $97,898, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $89,995 swing low to the $97,898 high.
Bitcoin is now trading above $96,000 and the 100 hourly Simple movi
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