TA: Why Bitcoin Breaking This Resistance Could Spark a Significant Surge
TA: Why Bitcoin Breaking This Resistance Could Spark a Significant Surge Reading Time: 2min read Bitcoin price is trading in a bullish zone above $57,600 against the US Dollar. BTC is likely to accelerate higher once it clears the $59,800 and $60,000 resistance levels. Bitcoin is trading in a positive zone, but it is facing hurdles near $60,000. The price is now well above the $58,000 support and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $57,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a sha...