BTC/USD: Overcoming important resistance zone

26 thg 10, 2023

Bitcoin broke through an important resistance zone at the July peak at 31800, thereby creating a Double Bottom pattern (bottoms in June and September 2023), opening up the potential for a price increase to 39000. Bullish Momentum The strength helped BTC surpass the 200-day MA, coinciding with the August peak (28150). Additionally, on the weekly chart BTC broke above the Ichimoku cloud for the first time since 2021