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Bitcoin Leads Momentum as Top Cryptos Trade Below Key Price Average

Bitcoin (BTC) and Bitcoin SV (BSV) are the only cryptocurrencies within the top 10 by market capitalization to have jumped back above their long-term moving averages.


The 200-day moving average (MA) is often regarded as a marker for bullish long-term health when prices are above and bearish long-term market health when prices reside below.


Bitcoin’s (BTC) 30 percent jump to 5-week highs from $7,393 to $10,350 over a 2-day period pulled prices back above the long-term moving average, marking a change in both momentum and sentiment for the world’s premiere crypto.


Bitcoin SV (BSV) already led the charge a day earlier, closing above the 200-day MA on Oct. 25.


Still, those moves are yet to be reflected in the remaining top 10 cryptos as the bulls struggle for supremacy from the consistent 4-month downward slide that began towards the end of June, 2019. Read More...

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