Bitcoin price is correcting gains from $28,400. BTC must stay above the $27,500 support to start a fresh increase in the near term. Bitcoin is correcting gains below the $28,000 support zone. The price is trading above $27,500 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with support near $27,720 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if the bulls manage to protect the $27,500 support. Bitcoin Price Corrects Lower Bitcoin price started a decent increase above the $28,000 resistance ...
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