TA: Bitcoin Consolidates Near Key Juncture, Can The Bulls Make It

TA: Bitcoin Consolidates Near Key Juncture, Can The Bulls Make It


Bitcoin is struggling near the $21,000 resistance zone against the US Dollar. BTC could rally if it clears the $20,900 and $21,000 resistance levels.

Bitcoin is showing a few positive signs above the $20,000 support. The price is now still above the $20,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the key $21,000 resistance zone. Bitcoin Price Eyes Upside Break

Bitcoin price started an upside correction after it traded as low as $17,600. There was a decent recovery wave above the $18,500 and $19,000 levels.

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The price

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