Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Fawpac2 on February 03, 2021, 12:59:07 AM
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Bitcoin price made another attempt to clear $35,000, but it failed against the US Dollar. BTC is currently consolidating above the $33,000 support zone, with a few positive signs.
Bitcoin is still facing a strong resistance near the $34,850 and $35,000 levels.
The price is currently holding the key $33,000 support level and testing the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $34,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could make another attempt to surpass $35,000 if it clears the $34,500 resistance level. Source (https://cryptonews.net/460863/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)