After a long period of suffocating sideways, Bitcoin is showing a desperate rally, which experienced traders look at with great disbelief. According to the Cryptocurrency Screener Cryptovizorwhich determines the market price of BTC/USD based on the results of trading on the largest spot exchanges, today the asset reached a new 5-month high at $23,375. 1 week bitcoin chart. Source: Cryptovizor As shown in the chart, Bitcoin is approaching important resistance at the 200-week moving average (200WMA). On the other hand, the 50-week moving average is about to cross the 200WMA from top to bottom – this is the so-called “death
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Author: NixCoin