Bitcoin Bulls Keeps Pushing, Why BTC Price Increase Isn’t Over Yet
Bitcoin price gained pace and traded above $23,000. BTC is consolidating gains and might start another increase towards $23,500.Bitcoin traded to a new yearly high at $23,428 before it started a downside correction.
The price is trading above $22,000 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $22,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $22,000 supp
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