Bitcoin Price Bulls In Check, Signs of Fresh Increase above $21.5K

Bitcoin Price Bulls In Check, Signs of Fresh Increase above $21.5K


Bitcoin price is attempting a fresh increase above the $21,200 resistance zone. BTC could gain bullish momentum if there is a clear move above the $21,500 resistance.

Bitcoin corrected lower, but it found support near the $20,500 zones. The price is trading above $21,000 and the 100 hourly simple moving average. There is a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $21,500 resistance zone. Bitcoin Price Remains Supported

Bitcoin price started a downside correction from the $21,500 resistance zone. BTC declined below the $21,000 support zone, similar to ethereum.

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However, the bulls were

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