Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: H2O on May 09, 2021, 11:46:10 PM
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Bitcoin price started a fresh increase above the $56,500 resistance zone against the US Dollar. BTC is now approaching a major break, with a major hurdle near $60,000.
Bitcoin is showing positive signs above the $56,500 and $58,000 resistance levels.
The price is now trading well above $58,000 and the 100 simple moving average (4-hours).
There is a major contracting triangle forming with resistance near $60,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to accelerate higher once it clears the $60,000 resistance zone in the near term.source (https://cryptonews.net/621886/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)