Bitcoin (BTC) Price Tops $11.2K, Short Term Correction Before Higher
There were sharp gains in BTC to USD above the $10,000 level against the US Dollar.
The price traded to a new 2019 high above the $11,000 level at $11,234.There is a key bullish trend line forming with support near $10,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is currently trading above the $9,000 level and it could continue higher towards the $10,000 level.
Bitcoin price is surging and it recently topped near the $11,200 level against the US Dollar. BTC could consolidate in the short term before a fresh increase above $11,000.