TA: Bitcoin Price Gains Momentum, Why The Bulls Could Aim $25K
Bitcoin started a fresh increase above the $23,000 resistance zone against the US Dollar. BTC might continue to rise towards the $25,000 resistance zone.Bitcoin started a fresh increase and climbed above the $23,000 resistance.
The price is now trading above the $23,000 level and the 100 hourly simple moving average.
There is a short-term contracting triangle forming with resistance near $24,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $24,000 resi
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