Home Blockchain News Bitcoin Blazes Bullish in Long-Term Indicator – For the First Time Since 2015

Bitcoin Blazes Bullish in Long-Term Indicator – For the First Time Since 2015

by Rss Feed from web
137 views
cryptocurrency news feed

The crypto market has begun to demonstrate signs of new momentum as bitcoin slightly recovered to over $5,200 and other major crypto assets like Ethereum and EOS recorded large gains on the day. According to trader Jonny Moe, bitcoin is close to breaking the 200-day simple moving average (SMA) cross for the first time since October 2015. SMA is considered as a key technical indicator to determine the long-term trend of an asset or a market. Are Bitcoin and Crypto Looking Toward Accumulation Phase? After bitcoin broke out of the 200-day SMA cross in 2015, it went on to experience

The post Bitcoin Blazes Bullish in Long-Term Indicator – For the First Time Since 2015 appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment