source avatarJeff Sun, CFTe

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$BTCUSD (Update) — Strength Building Into Declining 100-MA on Highest Volume Day of the Month $BTC continues to build off its $60,000 floor price since Feb 6th. Strength is supported with $WGMI crypto mining group intraday +8.4% move with strong showing from $BITF $IREN $MARA $CIFR $CLSK $HUT $RIOT all breaking out. $WGMI $DAPP $BKCH are the strongest group movers today. Current price off $75,000 actually coincide with its declining 100-MA. $BTCUSD previously resume its downwards momentum after rejection off its 100-MA in Jan 15th on a similar base structure. A clean break above $76,050 will the highest price $BTCUSD traded in 2-month, clearing the declining 100-MA in process.

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