Bitcoin price formed a base above the $29,500 and $30,000 levels. BTC started a fresh increase above the $32,000 and $33,500 resistance levels. The price even gained strength above the $35,000 level and the 55 simple moving average (4-hours). The bulls pumped the price above the $40,000 level, but there was no upside continuation. A high was formed near $40,470 before the price corrected gains.It declined below $38,000, but the bulls were active above $36,500. A low was formed near $36,440 and the pair started a fresh increase. It broke the 50% Fib retracement level of the downward move from the $40,470 swing high to ... (full story)