The last week's trading action has seen a jump above the 50-day moving average (yellow line). This average, while declining slightly, now acts as a temporary level of support:
A different (though positive) story applies to the 200-day moving average, which crossed $12,000 last week. Daily prices are about 10% above that:
With October over, the monthly chart shows a continued trend of falling highs (both on the intramonth and closing levels):
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- CFDs
- Bitcoin
The last week's trading action has seen a jump above the 50-day...
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