Bitcoin’s price rose Friday, back above $46,000 after dipping as low as $43,800 the prior day.
The largest cryptocurrency by market value was trading close to its highest level in more than two months, sitting on a 60% year-to-date gain after rallying from a low around $29,000 as recently as June.
A key threshold is the 200-day moving average of the price, currently around $45,000.
“The 200-day moving average is pivotal in the day trader’s mind,” Matt Blom, head of trading for the…
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