28-10-2022 06:50 via newsbtc.com

Bitcoin Price Just Saw Technical Correction, Why BTC Could Rise Again

Bitcoin price started a downside correction from $21,000 against the US Dollar. BTC is stable above $20,000 and might start a fresh increase.Bitcoin is holding gains above the $20,000 and $20,200 levels.
The price is trading above $20,000 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $20,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another upward move if there is a clear move above the $20,500
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