The Bitcoin (BTC) price has rallied by almost 7% in the past week, confirming the main uptrend that began in January 2023. The cryptocurrency hit a low of USD 24,770 six days ago, but was unable to break below. from the USD 24,900 support.
Over the past few days, BTC has been rallying, rising 6.87% since June 15. This upward movement of bitcoin gives more strength to the rebound from the uptrend line. BTC has also returned above the support at USDT 26,300.
Bitcoin continues in the 2023 bullish trend
Bitcoin (BTC) is now testing a downtrend line that has been in place since April 14. This is a secondary price correction trend, which may be coming to an end. If BTC consolidates above this trend line and attacks the USD 28,100 resistance zone, the cryptocurrency could break out of the secondary downtrend it has been in for two months.
Over the past few days, BTC has been rallying, rising 6.87% since June 15. This upward movement of bitcoin gives more strength to the rebound from the uptrend line. BTC has also returned above the support at USDT 26,300.
Bitcoin continues in the 2023 bullish trend
Bitcoin (BTC) is now testing a downtrend line that has been in place since April 14. This is a secondary price correction trend, which may be coming to an end. If BTC consolidates above this trend line and attacks the USD 28,100 resistance zone, the cryptocurrency could break out of the secondary downtrend it has been in for two months.