TA: Bitcoin Revisits $34K, Why BTC Could Surge To New ATH Above $35K

TA: Bitcoin Revisits $34K, Why BTC Could Surge To New ATH Above $35K


Bitcoin price started a fresh increase above the $33,200 resistance against the US Dollar. BTC is likely eyeing more upsides above the $34,500 and $35,000 resistance levels.

Bitcoin is up over 5% and it broke the $33,200 and $33,500 resistance levels. The price is trading nicely near $34,000 and it is well above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $32,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate higher above the $34,500 and $35,000 resistance levels. Bitcoin Price is Gaining Momentum

Yesterday, we discussed the chances of a fresh increase in bitcoin price above $33,200 and $33,500. BTC did gain bullish momentum and it was able to clear the $33,200 and $33,500 resistance levels.

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There was also a break above a major bearish trend line with resistance near $32,400 on the hourly chart of

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