Bitcoin price made a strong rally last week and more buyers could be waiting to join in on a pullback. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the climb is more likely to resume than to reverse.
Source: Bitcoin Price Technical Analysis for 04/16/2018 – More Buyers Waiting for a Pullback?