Bitcoin price extended its increase above the $64,000 resistance. BTC is now holding gains above $62,800 and might aim for more upsides.
Bitcoin traded to a new weekly high at $65,500 before there was a downside correction.
The price is trading above $63,500 and the 100 hourly Simple moving average.
There is a key bullish trend line forming with support at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could aim for more upsides if it clears the $64,500 and $65,500 resistance levels.
Bitcoin Price Aims Higher
Bitcoin price remained well-bid above the $62,500 support zone and extended its increase. BTC was able to clear the $64,500 resistance. It even cleared $65,000 and tested $65,500.
A high was formed at $65,550 and the price is now correcting gains. There was a minor decline below the $64,000 level. The price tested the 23.6% Fib retracement level of the upward move from the $56,380 swing low to the $65,550 high.
However, the bulls are
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-uptrend-65500/
