Bitcoin price gained pace for a move above $20,000 against the US Dollar. BTC is showing positive signs and might rise further above $20,500.
- Bitcoin started a steady increase above the $19,200 and $19,500 resistance levels.
- The price is trading above $20,000 and the 100 hourly simple moving average.
- There is a connecting bullish trend line forming with support near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair is gaining pace and might rally further above the $20,500 level.
Bitcoin Price Gains Pace
Bitcoin price formed a base above the $19,000 level and started a steady increase. BTC was a
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