Bitcoin Price Stabilizes — Buyers Step In To Prevent Deeper Correction
Bitcoin price is attempting to recover above $108,500 and $108,800. BTC could rise further if there is a clear move above the $111,200 resistance. Bitcoin started a fresh recovery wave above the $108,800 resistance level. The price is trading above $109,000 and the 100 hourly Simple moving average. There was a break above a short-term channel with resistance at $108,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it trades above the $111,200 zone. Bitcoin Price Starts Fresh Increase Bitcoin price declined again below the $109,000....
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