Bitcoin Price Recovery Could Soon Fade If BTC Fails To Surpass 100 SMA
Bitcoin price tested the $25,350 zone and is currently recovering. BTC must clear the $26,200 resistance to start a decent increase in the near term. Bitcoin is attempting a recovery wave from the $25,350 zone. The price is trading below $26,200 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $26,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if it clears $26,200 and the 100 hourly SMA. Bitcoin Price Faces Hurdles Bitcoin price remained in a bearish zone below the....
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