TA: Bitcoin Struggles Near $56K, Here’s Why 100 SMA Is The Key

TA: Bitcoin Struggles Near $56K, Here’s Why 100 SMA Is The Key

Bitcoin price spiked above the $56,000 resistance against the US Dollar, but it failed to continue higher. BTC is could correct lower, but the 100 hourly SMA is likely to provide support. Bitcoin extended its rise above the $55,500 and $56,000 resistance levels. The price is now trading well above $54,000 and the 100 hourly […]


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TA: Bitcoin Struggles Below $57K, Here’s Why 100 SMA Holds The Key

Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving […]

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