Bitcoin price broke the key $52,000 resistance zone against the US Dollar. BTC remains supported and it could continue to climb higher towards $55,000. Bitcoin started a fresh increase above the $51,500 and $52,000 resistance levels. The price is now trading above $52,677. There is a key bullish trend line forming with support near $52,250. The pair could dips a few points, but it might find support near $52,250 and $52,000.
More Upsides In BTC? If bitcoin stays above the $52,000 support zone and the trend line, it could rise further. An immediate resistance on the upside is near the $52,650 level. The first major resistance is near the $52,800 level. A close above the $52,800 level could pump the price further in the near term. The next major hurdle for the bulls could be near the $53,500 zone. Any more gains could lead the price towards the $54,200 level.