Bitcoin remained strong above the $28,500 support against the US Dollar. BTC is rising, but it must clear $28,500 to move into a positive zone.
Bitcoin started a fresh increase after it tested the $28,500 support zone.
The price is now trading above the $29,500 level and the 100 hourly simple moving average.
There was break above a major bearish trend line with resistance near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move higher towards the key $30,600 resistance zone
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