Bitcoin Rises to Two-Week High After Breaking Technical Barrier

April 30, 2021

Bitcoin surged to its highest levels since mid-April after surpassing a closely-watched technical hurdle.

The digital token climbed above its average price over the past 50 days, a measure of its short-term momentum. For chart watchers, that had been an important level -- such a move usually portends further gains. Many analysts will now look to see if it can sustainably stay above it.

Bitcoin broke above its 50-day moving average on Friday

Earlier: Bitcoin Is at Technical Inflection Point Amid Recent Selloff