Bitcoin jumped from a small support at $ 36,150 and the bulls moved above the 20-day moving average resistance area (EMA). Bitcoin is currently traded in the 41,500 area.
After yesterday's price jump, Bitcoin was able to break its downtrend and is expected to start a new rally.
The positive news published in the last few days has not been without effect on the Bitcoin price jump. Next we have to see if the bears stop selling and the cows take action.
Bitcoin continues to have resistance at 42500 and 44000, which if broken, the possibility of closing the weekly candle above 46000 is not far off.
After yesterday's price jump, Bitcoin was able to break its downtrend and is expected to start a new rally.
The positive news published in the last few days has not been without effect on the Bitcoin price jump. Next we have to see if the bears stop selling and the cows take action.
Bitcoin continues to have resistance at 42500 and 44000, which if broken, the possibility of closing the weekly candle above 46000 is not far off.