Bitcoin Price Builds Base — Consolidates Gains Ahead of Potential ATH Breakouts

Bitcoin Price Builds Base — Consolidates Gains Ahead of Potential ATH Breakouts


Bitcoin price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000

Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $107,200 resistance. Bitcoin Price Moves Higher Toward New ATH

Bitcoin price started a fresh increase from the $103,200 support zone. BTC formed a base and was able to clear the $105,000 resistance zone. The bulls pushed the price above $105,500.

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