13-06-2023 05:00 via newsbtc.com

Bitcoin Price Consolidates, Why 100 SMA Is The Key To Fresh Increase

Bitcoin price is consolidating above the $25,500 support. BTC could start a fresh increase if it settles above the 100 hourly SMA and $26,150.Bitcoin is slowly moving higher from the $25,500 support zone.
The price is trading below $26,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance near $25,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a recovery wave if there is a move above the $26,150
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