Bitcoin has broken above its 200-day moving average as the top cryptocurrency and the broader market continue to recover sharply higher. The BTCUSD pair could test towards the next major resistance zone, which is the former key swing-high, at $43,000. If the BTCUSD pair move above the $43,000 level a further rally towards the May 18th swing-high, at $46,850, remains possible.
The BTCUSD pair is only bullish while trading above the $37,000 level, key resistance is found at the $43,000 and the $46,850 levels.
If the BTCUSD pair trades below the $37,000 level, sellers may test the $36,000 and $35,000 levels.
