TA: Bitcoin Price Eyes Upside Break, Why BTC Could Surge to $23K

TA: Bitcoin Price Eyes Upside Break, Why BTC Could Surge to $23K


Bitcoin is showing positive signs above the $20,500 zone against the US Dollar. BTC could rally if there is a clear move above the $21,250 resistance zone.

Bitcoin remains well supported above the $20,000 and $20,500 levels. The price is now above the $20,500 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $20,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $21,250 and $21,650 resistance levels. Bitcoin Price Could Gain Pace

Bitcoin price started a downside correction below the $20,500 level. There was also a move below the $20,000 level, but the price was stable near

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