Bitcoin Price Pushes Up — ATH in Sight if Bulls Maintain Pressure.
Bitcoin price started a fresh increase above the $103,250 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance.
Bitcoin started a fresh increase above the $105,000 zone.
The price is trading above $103,500 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $104,200 zone.
If Bitcoin fails to rise above the $106,500 resistance zone, it could start another decline. Immediate support is near the $106,000 level. The first major support is near the $105,500 level.