TA: Bitcoin Smashes Key Resistance, Why Dips In BTC Are Now Attractive

TA: Bitcoin Smashes Key Resistance, Why Dips In BTC Are Now Attractive


Bitcoin price broke the main $36,000 and $36,500 resistance levels against the US Dollar. BTC is back in a positive zone and it is likely to continue higher towards $38,800 and $39,200.

Bitcoin climbed higher nicely and it was able to clear the 36,000 and $36,500 resistance levels. The price is now trading nicely above the $37,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $34,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher towards the $38,800 and $39,200 resistance levels. Bitcoin Price Jumps 10%

After forming a support base above $32,000, bitcoin price started a fresh increase. BTC surpassed the $34,000 and $35,000 resistance levels to move into a positive zone.

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The bulls gained strength when there was a break above a key bearish trend line with resistance near $34,300 on the

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