(Photo by S3studio) Getty ImagesBitcoin (BTC) traded above its 200-day simple moving average at 44,847 on Sunday, Aug. 8. RefinitivBitcoin confirmed a death cross on June 20 when its 50-day simple moving average fell below its 200-day simple moving average. It’s been above its 50-day SMA since July 26 and tested its 200-day SMA at 44,845 on August 8. RefinitivThe weekly chart for bitcoin is positive with BTC above its five-week modified moving average at 38,620. It’s well above its 200-week simple moving average or reversion to the mean at 14,317.

Source: Forbes August 09, 2021 15:11 UTC