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Wednesday

28 July 2021

TA: Bitcoin Prints Bullish Pattern, Here’s Why 100 SMA Holds The Key

TA: Bitcoin Prints Bullish Pattern, Here’s Why 100 SMA Holds The Key


smart summary beta

An initial resistance on the upside is near the $34,500 level.

The main resistance is still near the $35,000 zone.

There is also a major bearish trend line forming with resistance near $35,000 on the hourly chart of the BTC/USD pair.

Bitcoin must clear the 100 hourly SMA and then gain pace for a break above the $35,000 barrier to move into a positive zone.

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