3 days ago
6
Key Takeaways
- Bitcoin reclaims 50 SMA at $71,625.
- RSI surged from 28 to 70.80.
- Bull-Bear indicator remains in bear phase.
- No Extreme Bear reading confirmed yet.
Bitcoin is trading at $73,023 at the time of writing, up 2.6% on the day and back above the 50 SMA for the first time since the April 12 crash. The recovery from $70,500 to current price covers $2,500 in under twelve hours. Volume picked up through the move. The 50 SMA, which sat as resistance at $71,625 this morning, is now $1,397 below price.
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