Bitcoin price is slowly moving higher above $27,000. BTC could start a strong increase if it clears the $27,200 resistance zone.
Bitcoin is attempting a fresh increase above the $27,000 level. The price is trading above $27,000 and the 100 hourly Simple moving average. There is a crucial bearish trend line forming with resistance near $27,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if it clears the $27,200 and $27,400 resistance levels. Bitcoin Price Eyes Upside Break
Bitcoin price remained well-bid above the $26,500 level. BTC formed a base and started a recovery wave above the $26,850 resistance zone.
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There was a move above the 50% Fib retracement level of the
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