Bitcoin breaks the 200-day moving average

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Strong earnings today

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Bitcoin has soared to $ 45,000 as it steals the ‘safe haven’ glow from gold and builds a wave of momentum.

It’s the first rise above $ 45,000 since the May blackout.

Technically, the April low of $ 47,000 will create some resistance, but I don’t think it will stop the bullish march. Bitcoin is a momentum exchange and FOMO is hard to stop.

Regulation is certainly at the forefront, but the market has come to believe that it will be easily overtaken by better market access and acceptance.

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