Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath


Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently started a downside correction.

Bitcoin started a fresh increase above the $120,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Sets New ATH

Bitcoin price started a fresh increase after it cleared the $116,500 resistance zone. BTC gained pace for a move above the $118,000 and $120,000 resistance.

Trending: Gen. Flynn Publishes an Open Letter to Trump Regarding Epstein: ‘I Hesitated to Write This’

The bulls even pumped the pair above the $122,000

Continue reading


 

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!