BitcoinLong
BITCOIN 9D SMA RESISTANCE
I am not going to put a lot of fancy triangles or fractals in this chart. Nor am I going to point out the scary bearish divergence that has occurred. I want to focus here on the 9 Day simple moving average. In the last week or two, the 9 day MA has proved a point of resistance for bitcoin. In order for bitcoin to continue the trend upward, the price must close above this moving average. Then it must act as support, pushing the price further upward. It must then break through the ATH and proceed to 70k within a week or two. If there is a triple top in the price, it is highly unlikely that the price will stay up.
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