TA: Bitcoin Price Restarts Increase After Fed Rate Hike But Resistance Intact
Bitcoin started a fresh increase above the $22,000 resistance zone against the US Dollar. BTC must clear $23,000 and $23,700 to continue higher.Bitcoin started a fresh increase after the fed hiked interest rates by 75bps.
The price is now trading above the $22,500 level and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $21,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair must clear the $23,000 barrier to
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