Bitcoin is relatively bullish ahead of the weekend trading session. The shallow recovery follows several days of struggling to defend $7,000 and sustain gains above $7,200. XBT/USD surged briefly on Thursday breaking past the crucial resistance at $7,400. However, the psychological $7,500 resistance was tested but not broken. In the meantime, Bitcoin is trading at $7,396 above the Exponential Moving Averages (EMA). The EMA 50 on the 1-hour chart is crossing above the EMA 100 in a reflection of the improving technical picture. Besides, the Relative Strength Index (RSI) is back above the average and holding ground at ... (full story)