Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Bitcoin price started a fresh increase from the $16,200 support zone against the US Dollar. BTC is up 5% and it is trading above $17,500, but facing a major resistance at $18k and $18.2k. Bitcoin started a fresh upward move above the $17,000 and $17,200 levels. The price is now trading nicely above the $17,500 […]

Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Bitcoin cost began a new increment from the $16,200 uphold zone against the US Dollar. BTC is up 5% and it is exchanging above $17,500, however confronting a significant opposition at $18k and $18.2k. Bitcoin began a new upward move over the $17,000 and $17,200 levels. The cost is presently exchanging pleasantly over the $17,500 opposition and the 100 basic moving normal (4-hours). There was a break over a significant contracting triangle with obstruction close $17,200 on the 4-hours diagram of the BTC/USD pair (information feed from Kraken). The pair could return to the $18,200 opposition, where the bears may put a solid battle. Bitcoin Price is Rising Steadily This previous week, bitcoin saw a sharp disadvantage remedy underneath $18,000 and $17,200 against the US Dollar. The BTC/USD pair even broke the $16,800 uphold and the 100 straightforward moving normal (4-hours). It exchanged as low as $16,219 prior to framing a help base. A new increment was started over the $16,500 and $16,800 opposition levels. Bitcoin cost cleared the $17,400 obstruction and 100 straightforward moving normal (4-hours) to move into a positive zone. There was likewise a break over a significant contracting triangle with obstruction close $17,200 on the 4-hours outline of the BTC/USD pair. The pair is presently trying the half Fib retracement level of the descending move from the $19,500 swing high to $16,220 swing low.