TA: Bitcoin Reclaims 100 SMA, Here's Why BTC Could Surge above $58K
TA: Bitcoin Reclaims 100 SMA, Here’s Why BTC Could Surge above $58K Reading Time: 2 mins read Bitcoin price started a decent increase above the $56,000 resistance against the US Dollar. BTC is showing positive signs and it could aim a break above $58,000. Bitcoin formed a support above $54,000 and it recovered above the $56,000 zone. The price is now trading above the $56,000 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $54,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded as high a...