Bitcoin Price Analysis: BTC Aims Steady Increase To $18K. Bitcoin price is recovering above $16,500 against the US Dollar.
05 Jan 2023, 08:00
Bitcoin Price Analysis: BTC Aims Steady Increase To $18K
Bitcoin price is recovering above $16,500 against the US Dollar. BTC might extend its recovery if it stays above the $16,600 support zone.
Bitcoin Price AnalysisBitcoin price remained well supported near the $16,250 zone. The price formed a base and started a recovery wave above the $16,500 level.
There was a decent increase above the $16,650 resistance zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $16,780 on the 4-hours chart of the BTC/USD pair.