Mar 24
3 min read
Bitcoin Returns to the Breakout Zone; Can Bulls Survive?
Bitcoin has resumed its ascent over the $42,500 barrier level in relation to the US Dollar. BTC is likely to try an upward break over the $43,500 resistance zone in the near future.
Bitcoin stayed sustained at $42,000 and began a new upward trend.
The price is now trading above the $42,500 mark and the 100 hourly simple moving average.
On the hourly chart of the…
