Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support.
- Bitcoin extended its upward move above $17,100 and $17,300 resistance levels.
- The price is trading near $17,000 and the 100 hourly simple moving average.
- There was a break below a key bullish trend line with support near $17,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair must stay above the $16,800 support to…
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