Bitcoin
Long

BTC broke through 50 day moving average for continue drive up

252
I wanted to bring to your attention the recent Bitcoin (BTC) movement after today's inflation report in the United States. BTC has moved back above the $26,000 level, following a low of $25,686.04 at the beginning of the week. Today, BTC/USD reached of $25800.

It is worth noting that the 50-day moving average will need to shift course and divert away from its current downward path in order to maintain this positive trend. The current price has been achieved.

I thought this information may be of interest to you and wanted to keep you informed.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.