Bitcoin has surged past the descending trend line connecting the highs since March 7, signaling a short-term reversal from the drop. Price has also moved past the 100 SMA dynamic inflection point and might also be due for a move past the 200 SMA.
For now, the short-term moving average is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. Price is currently testing the area of interest around $8400 and could still be due to resume the selloff below the trend line and onto the swing low.
https://ethereumworldnews.com/bitcoin-price-analysis-are-bulls-finally-returning-now/
