Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus

Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus


Bitcoin price started a recovery wave above the $82,500 zone. BTC is now rising and might aim for a move above the $86,500 and $87,200 levels.

Bitcoin started a decent recovery wave above the $83,000 zone. The price is trading above $84,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $86,200 and $87,000 levels. Bitcoin Price Eyes Steady Increase

Bitcoin price remained stable above the $82,000 level. BTC formed a base and recently started a recovery wave above the $83,500 resistance level.

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The bulls pushed the price above the $85,000

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