TA: Bitcoin Makes Comeback, Here’s Why $53.5K Holds The Key
Bitcoin price tested the $47,000 support zone before starting a recovery against the US Dollar. BTC is showing positive signs, but it might face hurdles near $53,500. Bitcoin is rising and it is trading nicely above the $50,000 pivot level. The price is now trading well above $51,000 and the 100 hourly simple moving average. […]
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Bitcoin price dived below $30,000 before it started a major recovery against the US Dollar. BTC is back above $32,000, but it must clear the 100 hourly SMA for more gains. Bitcoin extended its decline below the $30,000 support zone before it started an upside correction. The price is now trading close to the $34,000 […]