Bitcoin Price Eyes Fresh Increase To $22K, Why Dips Remain Supported

Bitcoin started a steady increase above the $21,000 resistance against the US Dollar. BTC could rise further towards $22,000 if it stays above the $20,500 support.

  • Bitcoin is slowly moving higher above the $21,000 resistance zone.
  • The price is now trading above the $20,800 level and testing the 100 hourly simple moving average.
  • There was a break above a short-term bearish trend line with resistance near $21,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might…

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