Bitcoin price is moving higher above $116,500. BTC is now facing hurdles and might gain bullish momentum if it clears the $117,250 resistance zone.
Bitcoin started a fresh increase above the $116,200 zone. The price is trading below $116,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,250 zone. Bitcoin Price Faces Key Hurdle
Bitcoin price started a fresh upward wave above the $115,500 zone. BTC managed to climb above the $116,000 and $116,200 resistance levels.
The bulls were able to push the price above $117,000. The price traded as
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!