Bitcoin price is correcting gains from the $38,000 zone. BTC is now consolidating and might aim for more upsides above the $37,250 resistance zone.
Bitcoin started a downside correction from the $38,000 resistance zone. The price is trading near $37,000 and the 100 hourly Simple moving average. There is a short-term declining channel forming with resistance near $37,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is consolidating gains and might start a fresh increase toward $38,000. Bitcoin Price Remains In Uptrend
Bitcoin price started a fresh increase above the $36,800 resistance zone. BTC gained pace for a clear move above the $37,000 resistance zone to move further into a positive zone.
It even rallied toward $38,000