Following a high of $25,093.06 on Sunday,Monday’s move comes as prices bounced from a recent support point at $24,200, and now appear to be on course for a ceiling $1,000 away.Overall, the catalyst of this surge appears to be the 10-day moving average, which crossed its 25-day counterpart over the weekend, in a move known as a “death cross.”
In addition to this, the relative strength index once again moved beyond a resistance point at 64.00. As of writing, the index is currently tracking at 65.88, which is marginally below a hurdle at 66.00, and this could be a reason why
BTC must break through the 25,000-point resistance point to see the hope of a bear market.
Slowly heading up🚀
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