Bitcoin Surges as Price Clears Key Resistance Levels
- Bitcoin’s price increased from a low of $78,011, surpassing the $90,000 resistance.
- The price reached a high of $95,000 and is now consolidating gains.
- BTC is trading above $92,000 and the 100 hourly Simple Moving Average.
- A bullish trend line supports BTC at $89,750 on the hourly chart.
- Immediate resistance levels are at $94,000 and $95,000.
Bitcoin has shown a strong upward movement after hitting a low of $78,011. The cryptocurrency managed to clear significant resistance levels at $90,000 and reached up to $95,000. It is currently holding above the key support level of $92,000.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-surges-with-positive-bias-95k/?rand=52377
