Bitcoin (BTC) prices continue to remain stuck near US$82,000, and the chart isn't the primary cause. The primary reason is the absence of a US buyer base since October.

The chart looks poised for a rally. There's a bullish EMA crossover signal, indicating a similar pattern that yielded 10.72% in April. The challenge lies at a crucial chart level, as a group of buyers continues to sell every time the price tries to re-establish itself.

Bitcoin's 50-Day and 100-Day EMA Crossover Repeats April's 10.72% Pattern

Bitcoin's daily chart shows four exponential moving averages (EMAs) stacked closely together.

The 20-day EMA is at US$78,805, the 50-day EMA is at US$76,016, and the 100-day EMA is at US$76,538. The 200-day EMA is at US$82,020, which is the nearest resistance. The EMA itself is a weighted moving average that responds more quickly to recent prices than a simple average.

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