Bitcoin eyes new record high Long
Bitcoin / United States DollarCoinbase
Description
⋅ Bitcoin has managed to establish a foot hold above 50K despite the DXY strength and not-so-steady stock markets.
The cryptpucurrency's quick recovery from below the 5-week SMA, validates the bullish bias signaled by that ascending technical line.
As such, a move to fresh record highs above 59K looks likely.