BITCOIN seeking buyers on the 4hour MA100.Bitcoin / BTCUSD made a decisive break out yesterday over both the 4hour MA100 for the first time in 20 days as well as the Falling Resistance.
After topping today, the price pulled back to retest the 4hour MA100, this time as a demand level so that the market gets the confirmation that there are short term buyers there.
1day RSI wise, we made a bullish breakout above the MA similar to January 14th, which was followed with an immense rally to the 109400 High.
Buy and target the bottom of that Resistance Zone at 106500.
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