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19 September 2021

TA: Bitcoin Indicators Suggest Strengthening Case For Break Above $48K

TA: Bitcoin Indicators Suggest Strengthening Case For Break Above $48K


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As a result, BTC started a fresh increase above the $46,000 resistance zone and the 100 hourly simple moving average.

There was also a break above a key bearish trend line with resistance near $46,000 on the hourly chart of the BTC/USD pair.

The pair was able to climb above the $47,000 resistance zone.

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

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