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Bitcoin price

  • Bitcoin price climbed further above $5,300 before topping near the $5,330 level against the US Dollar.
  • The price corrected lower below $5,300 and $5,255 support levels.
  • There was a break below yesterday’s discussed ascending channel with support at $5,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is still trading nicely above the key $5,180 and $5,160 support levels.
Bitcoin price corrected lower towards key supports against the US Dollar. BTC is likely to bounce back above $5,300 as long as it is trading above the $5,160 support area.
 

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