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24 June 2021

TA: Bitcoin Resumes Uptrend, Here’s Why BTC Could Rally Above $60K

TA: Bitcoin Resumes Uptrend, Here’s Why BTC Could Rally Above $60K


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There was also a break above a key bearish trend line with resistance near $57,900 on the hourly chart of the BTC/USD pair.

The pair is now trading well above the $57,500 level and the 100 hourly simple moving average.

A clear break above the $59,500 could open the doors for a break above the $60,000 resistance.

The first key support is near the $57,500 level and the 100 hourly SMA, below which the price might test $56,500.

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