Bitcoin Price Breaks Hurdle, Here’s Why Bulls Could Aim $58K

[Altcoin1998$]

Bitcoin price gained pace and it cleared the $53,000 resistance zone against the US Dollar. BTC is consolidating and it seems ready for more gains above $54,000.

Bitcoin remained well bid and it was able to clear the $53,000 resistance.
The price is now trading well above $52,000 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $54,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is likely to continue higher above the $54,000 and $54,500 resistance levels.source