Bitcoin Price Analysis: BTC/USD Another Bullish Pullback?

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Bitcoin is trending higher on the 1-hour chart as it moves above a rising trend line connecting the lows since late last month. Price popped up to the $10,500 mark earlier on and is in the middle of a correction.

Applying the Fibonacci retracement tool on the latest swing low and high shows that the 61.8% retracement level lines up with the trend line support around the $10,000 major psychological handle. Price appears to be finding support at the 50% Fib already, though.

The 200 SMA lines…



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