Bitcoin price gained pace and traded above $23,000. BTC is consolidating gains and might start another increase towards $23,500. Bitcoin traded to a new yearly high at $23,428 before it started a downside correction. The price is trading above $22,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Eyes Additional Gains Bitcoin price started a major increase above the $21,500Go to Source
Author: NixCoin