June 21 (Cointime) - Bitcoin's price has surged above $28,000, up almost 8% with potential to reach the $30,000 resistance zone. The cryptocurrency is trading above the 100 hourly Simple Moving Average and has formed a major bullish trend line with support near $27,300.

If the BTC/USD pair clears the $29,000 and $29,200 resistance levels, it could rise further. However, if it fails to clear the $29,000 resistance, it may start a downside correction with immediate support near the $28,450 level.