BTC’s short-term trend turns positive – 7K next hurdle followed by 8K

Apr 2, 2020 • 2 Min Read

BTC – A volatile week but holding key trend support at the 15-DMA with potential to challenge 7K
Despite all the macro volatility spillover across markets, BTC’s short-term technical setup is improving with the potential to challenge and break-out above formidable trading resistance near 7K. After a roller coast ride over the past two weeks that included stalling under 7K resistance on 3/20 through 3/26, hitting an air pocket and gapping down 10% on 3/29, BTC has managed to hold and rally from a now rising 15-DMA twice over the past three days. 

What does all this mean technically?...

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