Bitcoin Price Rips Higher, $100K Narrative Gathers Pace

Bitcoin Price Rips Higher, $100K Narrative Gathers Pace
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Bitcoin price started a fresh increase above $92,500. BTC is trading above $95,000 and attempting a close for another increase to $100k.

Bitcoin started a decent increase above $92,000 and $94,500.
The price is trading above $95,000 and the 100 hourly Simple moving average.
There was a break above a contracting triangle with resistance at $92,000 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 $94,000 zone.

Bitcoin Price Gains Over 4%
Bitcoin price managed to stay above the $90,500 support and started a fresh increase. BTC was able to settle above $92,000 and $92,500.
There was a break above a contracting triangle with resistance at $92,000 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above $93,500. Finally, the price spiked above $96,000. A high was formed at $96,476, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave

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We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-rips-higher-100k/

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