14-05-2024 06:51 via newsbtc.com

Bitcoin Price Stuck In Key Range, What Could Spark Major Move?

Bitcoin price managed to stay above the $60,000 support. BTC recovered and is now facing hurdles near the $63,500 resistance zone.Bitcoin seems to be trading in a range between $60,000 and $63,500.
The price is trading above $61,800 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance at $61,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could rally if it clears $63,500 or might revisit the range support at $6
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