Bitcoin Price Close Above $17.5K Could Spark Larger Degree Recovery
Bitcoin is attempting an upside break above the $17,000 and $17,200 levels. El precio se cotiza por encima de $ 16,800 y el promedio móvil simple de 100 horas. Hubo una ruptura por encima de una línea de tendencia bajista clave con una resistencia cercana a $ 16,820 en el gráfico horario del par BTC / USD (datos de Kraken). El par podría intentar un nuevo aumento si hay un movimiento claro por encima de la zona de resistencia de $17,200. Bitcoin Price Eyes Upside Break Bitcoin price managed to stay above the $16,550 zone. A base was formed and the price started a fresh increase above the $16,700 resistance zone. BTC even climbed above the $16,800 resistance and the Promedio móvil simple por hora 100. There was a clear move above the 50% Fib retracement level of the downward move from the $17,067 swing high to $16,565 low. Besides, there was a break above a key bearish trend line with resistance near $16,820 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. It is also trading above the 61.8% Fib retracement level of the downward move from the $17,067 swing high to $16,565