BITCOIN: $84,000 UNLOCKS THE NEXT RALLY Last time BTC bounced from the bottom of this channel, the 200 SMA held, and a 4-hour close above the 50 SMA confirmed the rally. Now, we’re dealing with a very similar setup. The key level to watch is $84,000, where the 50SMA currently sits. A 4-hour close above it could confirm the next leg higher to $93,000.