Bitcoin continues to see green across all short-time and medium-timeframes as the cryptocurrency reconquest lost territory. As of this writing, the BTC price stood above the significant psychological mark of $ 24,000 and seems ready to keep smashing resistance levels.
The Magnetic Forces Pushing Bitcoin To The Upside
Bitcoin has been on an upside trend since January 9th. At that time, the cryptocurrency broke above the 200-day Simple Moving Average (SMA), a critical level that has historically operated as support and resistance during major market trends.