TA: Bitcoin Price Rockets to $22k, Next Bullish Levels Traders Should Watch

Sep 12, 2022 04:00 am Cryptocurrency 120

Bitcoin gained pace and even spiked above the $22,000 resistance against the US Dollar. BTC is correcting gains, but dips might be limited below $21,500.

Bitcoin was able to clear the $21,200 and $21,500 resistance levels.

The price is now trading above $21,500 and the 100 hourly simple moving average.

There is a key bullish trend lien forming with support near $21,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair is correcting gains, but dips might be limited below the $21,500 level.

Bitcoin Price Starts Fresh Rally

Bitcoin price remained well bid above the $20,000 level and started a fresh increase. There was a clear move above the $21,000 and $21,200 resistance levels.

The price even surpassed the $21,500 resistance and spiked above the $22,000 resistance. A high was formed near $22,347 and the price recently started a downside correction. There was a move below the $22,000 and $21,850 levels.

Bitcoin price traded below ..

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