Bitcoin price is up 4% and trading above $28,000. BTC must clear the $28,500 resistance zone to continue higher in the near term. Bitcoin is gaining pace above the $27,500 and $27,800 resistance levels. The price is trading above $28,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $27,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower but the bulls might be active near $27,700 and $27,500. Bitcoin Price Recovers Over 4% Bitcoin price managed to stay above the $26,000 support
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Author: coinmaker