Bitcoin price is again rising above the $70,000 resistance zone. BTC seems to be setting up for a steady increase above the $71,500 resistance zone.
Bitcoin price is climbing higher and above the $70,000 resistance zone.
The price is trading above $70,500 and the 100 hourly Simple moving average.
There is a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could soon start a fresh rally if it clears the $71,500 resistance zone.
Bitcoin Price Regains Strength
Bitcoin price remained well-supported above the $69,000 resistance zone. BTC climbed higher the $70,000 resistance zone to move again into a positive zone.
The price broke the $71,000 level and retested $71,500. A high was formed near $71,539 and there was a downside correction. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $68,468 swing low to the $71,539 high.
Bitcoin is now trading above $
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-primed-to-clear-71500-and-rally-again/
