Bitcoin goes back to over $ 50,000

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Can buyers stay?

This is the key question for Bitcoin today as the price begins to probe the waters above the critical $ 50,000 level once again, having previously done so on August 23, but failed.

png »title =» »class =» cms-png img-responsive »alt =» Bitcoin »/> This comes after Ethereum’s surge overnight, rising to its highest levels since May, as seen here.

From a technical standpoint, this is an encouraging sign for Bitcoin buyers after holding lows near $ 30,000 since May. latest push also appears to be gaining support near the 200-day moving average (green line) for the past two weeks and this limits downside risks as buyers attempt to establish a new bullish leg.

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