Bitcoin Price Analysis: BTC Bulls Aim Fresh Uptrend.
22 Jun 2023, 08:00
Bitcoin Price Analysis: BTC Bulls Aim Fresh Uptrend
Bitcoin price is showing positive signs above $28,000 against the US Dollar. BTC might correct lower but dips could be limited below the $27,400 zone.
Bitcoin Price AnalysisBitcoin price started a steady increase from the $25,000 support zone. The price gained and cleared many hurdles near the $26,500 and $27,000 levels.
There was a clear move above the $27,500 level and the 55 simple moving average (4 hours). The price even rallied above the $28,000 resistance zone. However, the bears were active near the $29,000 zone. A high was formed near $29,050 and the price is now consolidating gains.