Sam Price Observes Bitcoin Price Breakthrough Key Moving Averages

According to Twitter user Sam Price, the price of Bitcoin has risen to around $83,800, reclaiming the 200 SMA on the 4-hour chart (around $83,400) and the 21 MA on the daily chart (around $83,300). Previously, the price rebounded from a low of about $81,200 on Tuesday. The next test will be at $84,000, followed by the range highs of $85,000 to $87,000. If it can maintain above $83,400 during the retest, the market will be dominated by bulls.

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