TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K
TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K Reading Time: 2 mins read Bitcoin price regained strength for a fresh recovery and it broke $33,500 against the US Dollar. BTC is likely to continue higher above $35,000 in the near term. Bitcoin started a fresh increase after the bulls defended the key $30,000 support. The price is now trading nicely above $33,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $33,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing positi...