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Thursday

13 May 2021

TA: Bitcoin Gains Momentum, Here’s What Could Spark A Major Rally

TA: Bitcoin Gains Momentum, Here’s What Could Spark A Major Rally


smart summary beta

BTC traded below the $57,000 level, but it remained well above the 100 hourly simple moving average.

It is now trading well above the $56,000 level and the 100 hourly simple moving average.

The first major resistance on the upside is near the $58,500 level.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 50 level.

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