Bitcoin Price Surges 8% And Defies Gravity – Bulls Eye $30K

Bitcoin price is surging above $28,000. BTC is up nearly 8% and there are chances of a move toward the $30,000 resistance zone.

Bitcoin is gaining pace above the $27,000 resistance.

The price is trading above $27,500 and the 100 hourly Simple moving average.

There is a major bullish trend line forming with support near $27,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could rise further if it clears the $29,000 and $29,200 resistance levels.