Technical indicators show a bullish reversal with BTC price moving above the 50-day SMA, while RSI indicates towards buying opportunity. Is this the right time to buy BTC? After a deadly market collapse earlier this week, Bitcoin (BTC) is showing a reversal rally with a 4.35% jump in the last 24 hours. Trading at the price of $17390.16 as of now, the BTC shows a strong uptrend with a multiple high price reflection in the resistance trendline. However, since the last decline, the BTC has not broken the $18,000 resistance level, while taking support at $16,900. Notably, BTC has fallen The post BTC Technical Analysis: Is Bitcoin Coming Back Above $18K This Week? appeared first on Cryptoknowmics-Crypto News and Media Platform .
