Bitcoin price remained stable above the $17,500 support against the US Dollar. BTC is showing bullish signs and a close above $18,200 could start a fresh surge.
Bitcoin formed a support base near the $17,380 level and climbed higher. The price is now well above the $17,500 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $17,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above $18,150 and $18,200. Bitcoin Price is Showing Bullish Signs
There was another drop in bitcoin price below the $17,600 and $17,500 levels. However, BTC remained stable and it seems like there is a strong support base forming near the $17,380 level.
The recent low was near $17,382 before the price started an upward move. It broke the $17,500 and $17,600 levels. There was also