Digital Gold Mantra Revived After Bitcoin Tops Technical Hurdle
Bitcoin extended its recent rally above $10,000 on Friday, crossing over a key technical level that could mean further gains ahead.
The largest digital token climbed above its 50-day moving average, an indicator used to analyze trends and potential inflection points. Though it has been trading in a narrow range between its 50- and 100-day moving averages for weeks, some analysts see the former acting as a ceiling. A decisive break above could be a bullish signal.