Bitcoin price is attempting a recovery wave above the $93,200 zone. BTC is rising and might face resistance near the $97,500 zone.
Bitcoin started a recovery wave above the $95,000 zone.
The price is trading above $95,500 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it stays above the $95,450 support zone.
Bitcoin Price Regains Traction Above Below $95K
Bitcoin price started a short-term recovery wave above the $92,000 zone. BTC was able to climb above the $93,500 and $94,200 levels.
The bulls were able to push the price above the key barrier at $95,800. The price even cleared $97,000. A high was formed at $97,431 and the price is now consolidating gains and is well above the 23.6% Fib retracement level of the upward move from the $89,115 swing low to the $97,431 high.
There is also a connecting bull
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-faces-challenges-98k/
