The price of bitcoin spiked higher after Senator Lummis – a bitcoin advocate – tweeted that “Big things are coming”.
THe price spiked above the 100 and 200 hour MAs in the process (see blue and green lines on the chart below). Staying above those MAs will keep the buyers in firm control going forward.
This article was written by Greg Michalowski at www.forexlive.com.
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