Bitcoin Price Watch: BTC/USD Signaling Bullish Reversal

Key PointsBitcoin price formed a strong base around $7,050 and moved higher against the US Dollar.
This week’s followed important bearish trend line with resistance at $7,320 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now placed nicely above the $7,400 level and the 100 hourly simple moving average.Bitcoin price is back in action above $7,400 against the US Dollar. BTC/USD is showing positive signs above 100 SMA and is facing a key barrier nea