Bitcoin hits highs since May after recovering $ 40,000 by Mark1897.
After a few weeks of tense calm, bitcoin holders are in luck again. Its value rises more than 8% in the last 24 hours, reaching highs in mid-May and reaching above $ 41,000.
In this way, the cryptocurrency continues above its moving average of the last 50 days, currently located at $ 34,000, which constitutes a bullish sign from the point of view of technical analysis.
Bitcoin accumulates a revaluation of more than 40% so far this year, and 23% in the last seven days, despite the downward pressure to which it has been subjected in recent weeks after marking all-time highs above the $ 60,000 in mid-April.
From FundStrat they attribute the boom in recent days to an attempt by Chinese investors to save their money from the stock market in the face of the latest restrictions from the Chinese Government in some of the large companies, so that bitcoin, more difficult to control, has become a refuge.
Bitcoin hits highs since May after recovering $ 40,000 by Mark1897.
After a few weeks of tense calm, bitcoin holders are in luck again. Its value rises more than 8% in the last 24 hours, reaching highs in mid-May and reaching above $ 41,000.
In this way, the cryptocurrency continues above its moving average of the last 50 days, currently located at $ 34,000, which constitutes a bullish sign from the point of view of technical analysis.
Bitcoin accumulates a revaluation of more than 40% so far this year, and 23% in the last seven days, despite the downward pressure to which it has been subjected in recent weeks after marking all-time highs above the $ 60,000 in mid-April.
From FundStrat they attribute the boom in recent days to an attempt by Chinese investors to save their money from the stock market in the face of the latest restrictions from the Chinese Government in some of the large companies, so that bitcoin, more difficult to control, has become a refuge.
Leon Cooper was born and raised in Vancouver. As a Reporter for WideWorldMag, Leon has contributed to several online publications including Dream House Publications and Granville Magazine. In regards to academics, Leon has got a Post Graduation Degree in Department Of Archaeology from The University Of British Columbia. As a Reporter for WideWorldMag Leon Covers International Topics.