Bitcoin (BTC) Smashes Resistance: Buyers Target Fresh Monthly High

Bitcoin price settled above the $5,160 resistance and climbed above $5,250 against the US Dollar.
The price traded towards the $5,300 resistance and it is currently consolidating gains.
There is a key ascending channel in place with support at $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could dips a few points, but it remains well supported for more gains above $5,300 and $5,350.Bitcoin price gained bullish momentum above $5,250 against the US Dollar. BTC re