Bitcoin Price Uptrend To Continue? These Factors Could Spark Fresh Surge

Nov 21, 2023 04:00 am Cryptocurrency 141

Bitcoin price is showing positive signs above the $37,000 resistance zone. BTC seems to be eyeing an upside break above the $38,000 resistance zone.

Bitcoin started a fresh increase and climbed above the $37,000 zone.

The price is trading above $37,000 and the 100 hourly Simple moving average.

There is a major bullish trend line forming with support near $36,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could gain bullish momentum once it clears the $37,800 and $38,000 levels.

Bitcoin Price Extends Increase

Bitcoin price remained stable and started a fresh increase above the $36,000 level. BTC climbed above the $37,000 level to move into a positive zone and avoid more downsides.

The upward move was such that the price even cleared the $37,350 level. A high was formed near $37,777 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward ..

Support the originator by clicking the read the rest link below.