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Bitcoin’s Move To $57K Could Ignite A New Rally Higher: Analysis

Bitcoin’s move to $57K could start a new rally even higher as the price is recovering above the $55K against the dollar as we can see more in our latest bitcoin news today. Bitcoin’s move to $57K could start a strong rally as the price is now well above the $55K and the 100 simple moving average after it managed to break the bearish trend line with the resistance near $55K on the 4-hour charts of the pair that will rally towards $60K if the previous resistance is surpassed. Over the past week, the BTC price tested the $50K support…

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