Bitcoin price is consolidating near the $19,000 level against the US Dollar. BTC seems to be forming a short-term bullish pattern and might rise towards $20,000.
- Bitcoin is struggling to gain pace for a move above the $19,200 level.
- The price is trading below above $19,400 and the 100 hourly simple moving average.
- There is a new connecting bearish trend line forming with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start a fresh increase unless there is a clear move below the $18,950 level.
Bitcoin Price Remains In A Range
Bitcoin price was seen trading in a rang
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