Bitcoin Price (BTC) Surging, Dips Remains Well Supported
Bitcoin price extended its rally and climbed above the $10,500 and $10,650 resistances against the US Dollar. The price is currently correcting lower after trading to a new monthly high at $10,790. There is a major bullish trend line forming with support near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing positive signs and it remains well bid near $10,500 and $10,400. Bitcoin price is gaining bullish momentum above $10,500 against the US Dollar. BTC might correct lower, but it is likely to bounce back from the $10,400 support. Bitcoin Price Analysis Yesterday, we saw a nice upward move in BTC, Ethereum and ripple against the US Dollar. The bulls gained traction and pushed bitcoin above the…