Bitcoin Bulls Keep Pushing But Faces Rejection, 100 SMA Is The Key
Bitcoin price attempted a fresh increase above the $26,500 resistance. However, BTC failed to settle above $26,700 and reacted to the downside.Bitcoin is still struggling to clear $26,500 and $26,700.
The price is trading above $26,200 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could again climb higher unless there is a close below $26,200 and $26,00
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