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19 April 2021

TA: Bitcoin Settles Above 100 SMA, Why BTC Could Retest $60K

TA: Bitcoin Settles Above 100 SMA, Why BTC Could Retest $60K


smart summary beta

There was a break above the $58,500 resistance zone and the 100 hourly simple moving average.

An initial support is near the $58,500 level and the 100 hourly simple moving average.

If there is an upside break above $60,000, there are chances of a steady increase towards the $62,000 zone in the near term.

The next major support is near the $58,250 level (the recent breakout zone).

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