Bitcoin price fund a strong support near the $4,920 level and later recovered against the US Dollar.
The price broke the $5,120 resistance level to move into a positive zone.
There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average.
Bitcoin price rebounded nicely above $5,100 against the US Dollar. BTC is currently showing positive signs and a break above $5,200 is likely to accelerate gains above $5,250 in the near term.
The price broke the $5,120 resistance level to move into a positive zone.
There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average.
Bitcoin price rebounded nicely above $5,100 against the US Dollar. BTC is currently showing positive signs and a break above $5,200 is likely to accelerate gains above $5,250 in the near term.