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23 April 2021

TA: Bitcoin Reclaims 100 SMA, Here’s Why BTC Could Resume Uptrend

TA: Bitcoin Reclaims 100 SMA, Here’s Why BTC Could Resume Uptrend


smart summary beta

There was also a break above a key bearish trend line with resistance near $57,100 on the hourly chart of the BTC/USD pair.

It is now trading above the $58,000 level and the 100 hourly simple moving average.

An immediate resistance is near the $58,275 level.

The 76.4% Fib retracement level of the downward move from the $59,475 swing high to $55,492 low is also near the $58,500 level.

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