Bitcoin price is showing positive signs above the $37,000 resistance zone. BTC seems to be eyeing an upside break above the $38,000 resistance zone.
Bitcoin started a fresh increase and climbed above the $37,000 zone. The price is trading above $37,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $36,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum once it clears the $37,800 and $38,000 levels. Bitcoin Price Extends Increase
Bitcoin price remained stable and started a fresh increase above the $36,000 level. BTC climbed above the $37,000 level to move into a positive zone and avoid more downsides.
The upward move was