BTC/USD picks up bids after crossing near-term SMA, two-week-old falling trend line. Strong RSI backs the breakout, MACD also recedes bearish bias. Highs marked from February 17 test intraday buyers. Bitcoin bulls justify Sunday’s break of 21-day SMA and a falling resistance line, now support, from February 21 while taking the bids near $51,150 during early Monday. Given the easing bearish MACD and strong RSI backing the upside break of the previous key resistance, BTC/USD is ready to probe highs marked since February 17 around $52,650. However, the cryptocurrency pair needs to cross the $56,000 hurdle during its run-up past-$52,650 to challenge the all-time high of $58,355. Meanwhile, pullback moves may gain attention if manage to drag the quote below the 21-day SMA level of $50,170. Also, the BTC/USD sellers will need validation for further downside from the $50,000 threshold. Following that, an ascending trend line from January 27, currently around $46,050, will be in the spotlight. Overall, bitcoin bulls are back and can keep the reins until witnessing a daily closing below $46,050. BTC/USD daily chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY idles in the 108 territory as markets weigh the underlying funda FX Street 1 year BTC/USD picks up bids after crossing near-term SMA, two-week-old falling trend line. Strong RSI backs the breakout, MACD also recedes bearish bias. Highs marked from February 17 test intraday buyers. Bitcoin bulls justify Sunday's break of 21-day SMA and a falling resistance line, now support, from February 21 while taking the bids near $51,150 during early Monday. Given the easing bearish MACD and strong RSI backing the upside break of the previous key resistance, BTC/USD is ready to probe highs marked since February 17 around $52,650. However, the cryptocurrency pair needs to cross the $56,000 hurdle during its run-up past-$52,650… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
