Bitcoinist.net:

Bitcoin BTC

Bitcoin has been able to once again push into the upper-$7,000 region after facing multiple rejections here throughout the past few days
The cryptocurrency is pushing up against its 200-day moving average – a key trend-determining level
A break above this 200-day MA could spark a major upside movement, with some analysts thinking this is imminent

After facing multiple harsh rejections within the upper-$7,000 region throughout the past couple of days, Bitcoin has been able to once again navigate back up to this price region.
It now appears that the benchmark cryptocurrency’s bulls are attempting to propel it past a key technical moving average that could have a serious impact on how the crypto trends in the days and weeks ahead.
It is also growing increasingly likely that bulls will be able to orchestrate a push above this level…

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Source: https://bitcoinist.com/bitcoin-could-soon-break-its-200-day-ma-triggering-next-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-soon-break-its-200-day-ma-triggering-next-uptrend