Bitcoin Price Is Forming A Key Trend and Swift Rally Could Occur

Bitcoin Price Is Forming A Key Trend and Swift Rally Could Occur

Bitcoin price is moving higher above $19,250 against the US Dollar. BTC could eye a crucial upside break above the $19,500 and $19,650 resistance levels.


  • Bitcoin started a fresh increase above the $19,200 and $19,250 levels.

  • The price is trading above $19,200 and the 100 hourly simple moving average.

  • There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could start a strong increase if there is a clear move above the $19,650 resistance.


  • Bitcoin Price Gains Momentum

    Bitcoin price remained well bid above the $18,800 level. BTC formed a base above the $19,000 level and started a fresh increase. There was a clear move above the $19,200 and $19,250 resistance levels.


    There was also a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC/USD pair. The pair gained pace above the $19,400 ..

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