Bitcoin faces ‘ton’ of resistance after daily BTC price gains pass 5%

Source: Crypto Ed/XEyeing the chances of continued upside, however, Keith Alan, co-founder of on-chain tracking resource Material Indicators, alerted that substantial resistance lay overhead in the kind of different moving averages (MAs).”There is a ton of technical resistance overhead starting with the 21-Day MA, a #DeathCross between the 200-Day and 50-day MAs, and eventually, the 100-Day MA which has confluence with the variety high,” part of his newest commentary specified.”BTC/USD 1-hour chart with 21, 50, 100, 200-day MA.

Source: Jelle/XFellow trader Crypto Ed went even more, hoping for a journey to $28,000 as the supreme outcome on much shorter timeframes, with another “sweep” of the variety lows first.BTC/ USD annotated chart. Source: Crypto Ed/XEyeing the chances of continued upside, however, Keith Alan, co-founder of on-chain tracking resource Material Indicators, warned that significant resistance lay overhead in the type of various moving averages (MAs).”There is a load of technical resistance overhead starting with the 21-Day MA, a #DeathCross in between the 200-Day and 50-day MAs, and eventually, the 100-Day MA which has confluence with the range high,” part of his most current commentary stated.”BTC/USD 1-hour chart with 21, 50, 100, 200-day MA.