Bitcoin has shown a raging trend in the last 30 days with the price of the BTC token moving between $5583 and $8889 till May 27. There has been an uptrend of over 53.48% in the overall price of the coin since the beginning of the year from $5583 to $9000.
Bitcoin price declined heavily and tested the $8,000 support. The price recovered nicely and traded above the $8,500 and $8,750 resistance levels.
There is a rising channel forming with support near $8,550 on the hourly chart of the BTC/USD
BTC is facing a solid resistance near the $8,800 area.
The target for Bitcoin is $10,000 in the coming days.
Bitcoin price declined heavily and tested the $8,000 support. The price recovered nicely and traded above the $8,500 and $8,750 resistance levels.
There is a rising channel forming with support near $8,550 on the hourly chart of the BTC/USD
BTC is facing a solid resistance near the $8,800 area.
The target for Bitcoin is $10,000 in the coming days.