Bitcoin (BTC) Price Defies Gravity, Looks to Trade Higher

The price retested the $5,360 resistance and it looks set to trade further higher in the near term.
There was a break above a short term contracting triangle with resistance at $5,155 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to surge towards $5,500 or even $5,600 once it successfully clear the $5,360 resistance.Bitcoin price is climbing higher towards key resistances against the US Dollar. BTC could accelerate gains along with Ethereum once it clears t