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Bitcoin Price Breaking This Confluence Resistance Could Spark a Fresh Surge

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Bitcoin price is currently consolidating below $20,650 against the US Dollar. BTC could start a fresh rally if it clears the 100 hourly SMA and then $20,650. Bitcoin is holding gains above the key $20,250 and $20,000 support levels. The price is trading below $20,650 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the 100 hourly SMA and $20,650. Bitcoin Price Remains Stable Bitcoin price found support near the $20 ...

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