Bitcoin price started a major increase above $68,000. BTC is now struggling to clear the $70,000 resistance and might correct some gains.
Bitcoin started a fresh increase after it settled above the $67,000 support.
The price is trading above $67,500 and the 100 hourly simple moving average.
There was a break above a bearish trend line with resistance at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip again if it trades below the $67,500 and $67,200 levels.
Bitcoin Price Rallies 10%
Bitcoin price managed to form a base above the $66,000 zone. BTC started a fresh increase and was able to surpass the $67,000 resistance zone.
The price even rallied above the $68,000 resistance. Finally, the bears appeared near $70,000. A high was formed at $70,000, and the price is now correcting gains below the 23.6% Fib retracement level of the upward move from the $62,500 swing low to the $70,000 high.
Bitcoin is now trading above $67,500 and th
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-explodes-higher-70k/
