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BTC Eyes Upside Break To $30K

From livebitcoinnews.com

Bitcoin price started a steady increase from the $25,000 support zone. The price gained and cleared many hurdles near the $26,500 and $27,000 levels. There was a clear move above the $28,000 level and the 55 simple moving average (4-hours). However, the bears were active near the $28,800 zone. A high was formed near $28,839 before there was a downside correction. The price traded below $27,500, but the bulls were active near $26,500. A low is formed near $26,525 and the price is now rising. It cleared the 23.6% Fib retracement level of the downward move from the $28,839 swing high to $26,525 low. The price is now ... (full story)

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  • Category: Technical Analysis