Bitcoin Rallies After Trump Pauses Tariff—Crypto Markets Cheer the Move
Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone.
- Bitcoin started a fresh increase above the $80,000 zone.
- The price is trading above $80,500 and the 100 hourly Simple moving average.
- There was a break above a key bearish trend line with resistance at $78,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it clears the $83,500 zone.
Bitcoin Price Jumps Over 5%
Bitcoin price started a fresh increase from the $74,500 zone. BTC formed a base and gained pace for a move above the $78,500 and $80,000 resistance levels.
The bulls pumped the price above the $80,500 resistance. There was a…
