Bitcoin increased significantly above 100 hourly SMA!

Bitcoin increased significantly above the $16,500 (100 hourly simple moving average) and $16,650 resistance levels. It is now trying to break the local resistance area of $17,000. If Bitcoin can go above this area, we will see a move toward the resistance of the $18,000-$18,500 area. It is now testing the 1.618 Fib extension level.