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NEWS Bitcoin Price Close Above 100 SMA Could Spark A Fresh Surge: Here’s Why

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Bitcoin price started a downside correction below $20,500 against the US Dollar. BTC could start a fresh surge if it clears the 100 hourly SMA and then $21,000. Bitcoin is recovering losses from the $20,250 support zone. The price is trading below $20,700 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $20,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another upward move if it clears the 100 hourly SMA and then $21,000. Bitcoin Price Remains Supported Bitcoin price started a downside correc ...

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We cannot dispute the fact that it Ethereum is next to Bitcoin in terms of market capitalisation and acceptance in the crypto-currency market and that makes it the second most important cryptocurrency.
 

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