Prices Top 50-Day SMA, Dollar Index Steady, and Limited Downside for 10-Year Treasury Yields
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$115,089.87 continues to gain ground, consistent with the inverse head-and-shoulders breakout from early this week, which opened the door for a rally to $120,000. Prices have crossed above the 50-day simple moving average (SMA), a widely-tracked momentum indicator. Additionally, the … Read more