Bitcoin price climbed higher towards $18,400 before there was a bearish reaction. BTC is now trading near a major support at $17,550 and might bounce back.
Bitcoin broke the $18,000 resistance zone before there was a downside correction.
The price is trading above $17,500 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $17,580 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase unless it trades below the 100 hourly SMA.
Bitcoin Price Remains Supported
Bitcoin price extended its increase above the $17,800 resistance zone. BTC even climbed above the $18,000 resistance zone and settled well above the 100 hourly simple moving average.
The price traded as high as $18,387 before there was a bearish reaction. The Fed increased interest rates by 0.5%, sparking sharp moves in the market. BTC price reacted the downside and traded below the $18,000 support zone. There was a clear move below th
We współpracy z: https://newsbtc.com/analysis/btc/bitcoin-price-retreats-18k/
