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Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average

Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.

BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)
BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)