TA: Bitcoin Prints Bullish Pattern, Why Close Above $18.2K Could Be Game Changer

[Jentot]

TA: Bitcoin Prints Bullish Pattern, Why Close Above $18.2K Could Be Game Changer

Bitcoin price remained stable above the $17,500 support against the US Dollar. BTC is showing bullish signs and a close above $18,200 could start a fresh surge.

Bitcoin formed a support base near the $17,380 level and climbed higher.The price is now well above the $17,500 level and the 100 hourly simple moving average.There was a break above a major bearish trend line with resistance near $17,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could gain bullish momentum if there is a close above $18,150 and $18,200.

See more for yourself here.