The worth of Bitcoin has continued its run to the upside immediately and is getting nearer to its 200 day MA at $19510.90. The excessive worth immediately has reached $19396 up to now, simply $120 or so from the MA degree.

The worth of bitcoin has not traded above its 200 day MA since December 31, 2021.

The worth immediately moved above its 38.2% retracement of the transfer down from the August 15, 2022 excessive. That is available in at $19,279. That degree is a detailed threat degree for patrons.

For the week, the worth is up 13.25% this week. That’s the largest % positive factors since March 21, 2022 week when the worth was up 13.63%%