Bitcoin Price Stays Above $100K: Calm Before the Next Surge?

Bitcoin Price Stays Above $100K: Calm Before the Next Surge?


Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase.

Bitcoin started a downside correction from the $106,250 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Holds $100K

Bitcoin price started a decent upward move above the $100,000 zone. BTC was able to climb above the $102,500 and $103,800 levels.

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A high was formed at $106,246 and the price recently started a

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