Technical Analysis – BTCUSD rebound tested by 50-day SMA
Posted on September 21, 2023 at 8:34 am GMTBTCUSD remains perky after bouncing off 25,000 support But 50-SMA proving to be a difficult obstacle to overcome Can Bitcoin maintain its recovery? BTCUSD (Bitcoin) has extended its rebound from the September 11 low of 24,920. However, the upside pressure has started to wane after coming into contact with its 50-day simple moving average. The momentum indicators are in the bullish zone but are pointing to some deterioration in the positive bias in the near term. The RSI has started [..]