TA: Bitcoin Price Reclaims $20K, Can BTC Surpass The 100 SMA

TA: Bitcoin Price Reclaims $20K, Can BTC Surpass The 100 SMA

Bitcoin extended losses and traded below $19,200 against the US Dollar. BTC found support near $19,000 and started an upside correction. Bitcoin traded as low as $18,916 and started an upside correction. The price is now trading above the $20,000 level and testing the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the 100 hourly SMA and $20,600. Bitcoin Price Recovers Above $20K Bitcoin price started a fresh....


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