20-05-2022 05:08 via newsbtc.com

TA: Bitcoin Reclaims $30K, Why Bulls Face Uphill Task

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC must clear $30,600 to move further into a positive zone.Bitcoin formed a base above $28,500 and started a fresh increase.
The price is now trading above the $30,000 level and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $30,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if there is a clear mo
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