Bitcoin Breaks 50-Day MA for 1st Time Since January
Monday, Bitcoin Bulls may have seen the technical beak-out they have been looking for.
The world’s biggest cryptocurrency by market value rose above its 50-Day MA for the 1st time since mid-January, up as much as 5.8% Monday, the most in 2 weeks.
Currently, Bitcoin is trading at: 11,273.9746, -248.971, -2.16%, as of 5:15a GMT, the market is open
The bounce comes after a fall from record highs in December amid debates on how to value the digital coin and threats of regulation.
Crossing the Key resistance mark may raise sentiment of traders and investors as they look for a reason to spark a rally.