Bitcoin surged to its highest levels since mid-April after surpassing a closely-watched technical hurdle.

The digital token climbed above its average price over the past 50 days, a measure of its short-term momentum. For chart watchers, that had been an important level — such a move usually portends further gains. Many analysts will now look to see if it can sustainably stay above it.

Earlier: Bitcoin Is at Technical Inflection Point Amid Recent Selloff

(Excerpt) Read more Here | 2021-04-30 09:40:10
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