BTC/USD above 20-weekly

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
On a weekly chart we can see that bitcoin was not only able to close above 20-weekly moving average, but also retest it as a support level and now continues going to the upside. This is a significant bullish signal, because last time BTC broke above the 20-weekly moving average and was able to maintain above it, it went on an over 230% bull run.


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