RATE Group | Bitcoin Price Fighting to Close Week Above Key $7,200 Resistance Level
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Bitcoin Price Fighting to Close Week Above Key $7,200 Resistance Level

19 Apr Bitcoin Price Fighting to Close Week Above Key $7,200 Resistance Level

Posted at 09:04h in Bitcoin News by

On Saturday Bitcoin (BTC) price punched a hole through the $7,200 resistance, rallying all the way to $7,293 to briefly escape the resistance cluster the price has been trapped within since April 6. 

As the Bitcoin price surged on Saturday, altcoins also added commendable gains. Ether (ETH) rallied to $189.60 before pulling back to trade at $182.50. Chainlink (LINK) pushed to $3.82 and at the time of writing trades for $3.70 while Tezos (XTZ) surged to 12% to $2.37 before dropping to $2.23 in the last hour. 

The overall cryptocurrency market cap now stands at $208.4 billion and Bitcoin’s dominance rate is 63.4%. 

Crypto market daily performance

Crypto market daily performance. Source: Coin360

Bullish traders are now focused on pushing the price above the $7,258 resistance in order to target $8,000. $7,400 is the next important level and as shown by the volume profile visible range, above $7,433 there is a volume gap to $8,550 but as discussed in a previous analysis, the 100 and 200-day moving averages (both…

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