Bitcoin Price Challenge: Can It Break Through and Resume Climbing?
Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650.Bitcoin started a decent increase above the $62,500 and $63,000 levels.
The price is trading above $62,250 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might gain bullish momentum if it clears the $63,650 resist
Read more »