According to Trader Tardigrade, Bitcoin's price was previously rejected by the 100-day exponential moving average (EMA) in a 'touch and go' manner in January 2024. This technical indicator, often used by traders to identify potential support or resistance levels, suggests that Bitcoin ($BTC) could face a similar rejection pattern again. This could influence short-term trading strategies as traders may anticipate potential resistance near the 100 EMA level. Source: Trader Tardigrade on Twitter.