Here’s Why BTC Turned Attractive On Dips

 Bitcoin price gained bullish momentum above the $38,000 resistance against the US Dollar. BTC is now consolidating gains and it is likely to remain supported near $37,000.

• Bitcoin started a steady increase above the $37,000 and $38,000 resistance levels.
• The price is now trading above the $37,000 zone and the 100 hourly simple moving average.
• There is a short-term contracting triangle forming with resistance near $39,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could correct lower, but the bulls are likely to protect the $37,000 zone and the 100 hourly SMA.

Bitcoin Price Turns Green

Bitcoin remained well bid above the $35,000 level and it started a fresh increase. BTC broke the key $37,000 resistance zone and the 100 hourly simple moving average to move …