“Bitcoin held important cloud-based support near $40,000 and has generated an oversold ‘buy’ signal from the daily stochastics after a three-day rally, supporting a short-term bullish bias,” Stockton said in an email. “The daily MACD is pinched as well, reflecting improved short-term momentum that supports a move higher toward next resistance near $48.1K, defined by the 200-day MA.”
Source: https://www.coindesk.com/markets/2022/04/21/bitcoin-eyes-200-day-average-after-three-day-price-rally-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines