Bitcoin Price Gearing For Another Lift-Off and Might Surge To $25K

Jan 24, 2023 04:00 am Cryptocurrency 124

Bitcoin price remained well supported above the $22,300 zone. BTC is rising and might aim a fresh increase above the $23,500 resistance zone.

Bitcoin started a minor downside correction and tested the $22,400 support zone.

The price is trading above $22,500 and the 100 hourly simple moving average.

There is a key bullish trend line forming with support near $22,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could start a fresh surge if it clears the $23,500 resistance zone.

Bitcoin Price Eyes Another Increase

Bitcoin price gained pace above the $22,500 resistance zone. BTC even traded above the $23,000 level before it faced sellers near the $23,500 zone. There was a minor downside correction from the $23,400 zone, similar to ethereum.

The price traded as high as $23,428 before there was a downside correction. There was a ..

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