Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. The largest cryptocurrency is currently trading above the moving average lines or in the uptrend zone. The recent price action remained stable above the $27,600 support. Bitcoin is now trading below resistance of $28,400 and is benefiting from the possibility of a rise as it is trading above the moving average lines. The price indicator suggests that the cryptocurrency could rise.The key resistance levels for Bitcoin are $30,000 and $35,000, while the important support levels are $20,000 and $15,000. Bitcoin’s upward momentum will continue once buyers break the $28,400 resistance. However, BTC is at risk if the price falls below the moving average lines or support at $26,850.Coinidol.com reported that the BTC price will retest the psychological barrier of $30,000 if the current positive momentum is maintained above the $28,000 support.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	CoinIdol.com, Bitcoin (BTC)
Currencies	Ethereum, Bitcoin
Securities	None