Bitcoin price is consolidating above $29,500. BTC could start a decent increase if it clears the $30,200 resistance zone in the near term. Bitcoin is struggling to gain bullish momentum from the $29,500 level. The price is trading below $30,100 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $30,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $30,200 resistance. Bitcoin Price Holds Support Bitcoin price remained well-bid above the $29,500 level. BTC
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Author: coinmaker