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  • 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