Bitcoin Price Breaking This Confluence Resistance Could Spark a Fresh Surge
Bitcoin price is currently consolidating below $20,650 against the US Dollar. BTC could start a fresh rally if it clears the 100 hourly SMA and then $20,650.Bitcoin is holding gains above the key $20,250 and $20,000 support levels.
The price is trading below $20,650 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $20,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it clears the
Read more »