Bitcoin price continued to bid above $ 13,300 and started a new increase against the US dollar. According to successful analyst Aayush Jindal, the Bitcoin price has risen above $ 13,700 and is likely to continue to rise further in the near term.

Bitcoin price started a new upward move after finding strong support near $ 13,300.
The price is currently trading well above $ 13,600 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $ 13,700 on the hourly chart of the BTC / USD pair (data feed from Kraken).
The pair consolidates gains above the 100-hour SMA and could again rise above $ 13,850, analyst said.

Aayush Jindal: Bitcoin price shows positive signs! Can rally again

Bitcoin price started a fresh increase after retesting the $ 13,300 support zone. There was a steady increase above the $ 13,500 and $ 13,600 resistance levels. BTC climbed above $ 13,800 and settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $ 13,700 on the hourly chart of the BTC / USD pair. Eventually, there was an increase above the $ 14,000 resistance.