Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone.
Bitcoin started a decent upward move above the $95,000 zone.
The price is trading above $95,000 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it stays above the $96,000 support zone.
Bitcoin Price Starts Recovery
Bitcoin price remained supported near $92,500 and started a recovery wave. BTC was able to climb above the $94,500 and $95,000 resistance levels.
There was a break above a key bearish trend line with resistance at $95,000 on the hourly chart of the BTC/USD pair. The pair cleared the $98,000 resistance level and traded close to the $100,000 resistance level. A high was formed at $99,400 and the price is now consolidating gains.
It declined a few points below th
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