Bitcoin Bulls Face $83K Resistance
Bitcoin's momentum has surged in recent days, as evidenced by its Bull Score indicator jumping sharply from 30 to 80 points within a week. This indicates a strong bullish reversal for the cryptocurrency.
However, despite this positive trend, Bitcoin faces significant resistance at its 365-day simple moving average, which stands at $83,000. This level could act as a major hurdle for further price gains.