Bitcoin Price Races Toward Wildly-Bullish ‘Golden Cross’

Bulls finally got the better of stubborn bears as they smashed the $4,200 resistance level to see a sharp 20% Bitcoin price increase. The surge occurred at 07:00 UTC+1 on April 2 and managed to reach $5,000, marking the flagship cryptocurrency’s highest level in 2019. Bitcoin Price Jumps Above 200-Day Moving Average Today’s closing price will be a key indicator for where things move from here. Should Bitcoin close above the 200-day moving average, which seems likely given that the price increase has held steady above $4,700, this brings the…

Bitcoin’s Price Rises Above Major Moving Averages In First Since 2018

Bitcoin’s price emerged above three major moving averages for the first time in nearly 15 months on Tuesday. The development is a byproduct of the cryptocurrency’s surge above $5,000 during Tuesday’s trading session, representing an increase in excess of 20 percent. A moving average (MA), when used in financial analysis, is simply a continuously calculated average of a certain economic factor like price or trading volume over a specified period of time. The moving average is particularly useful for smoothing out short-term fluctuations in the data set to identify the…

Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K

View With bitcoin’s move today to 4.5-month highs near $5,080, the transition from bear to bull market appears done and dusted. The trend change would gain credence, though, if and when BTC finds acceptance above the former support-turned-resistance of the 21-month exponential moving average (EMA), currently at $5,200. The cryptocurrency is looking overbought as per the 14-day relative strength index, so prices may have a tough time breaking above $5,200 in the near-term. Bitcoin could see a pullback to $4,400 if signs of bullish exhaustion increase in the next few…