BTCUSD Rebounds Strongly But 200-SMA Caps Upside

<p>BTCUSD (Bitcoin) broke aggressively above its rangebound pattern on Tuesday, temporarily jumping above the 28,000 mark. However, the bulls lost the battle around the 200-day simple moving average (SMA), with the price slipping before entering a tight range in the last couple of sessions. The momentum indicators currently suggest that near-term risks remain tilted to the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/516758-btcusd-rebounds-strongly-but-200-sma-caps-upside/">BTCUSD Rebounds Strongly But 200-SMA Caps Upside</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>