Bitcoin Rises to $50K, Next Resistance Around $52K-$55K

From coindesk.com

Bitcoin (BTC) is trading around $50,000 for the first time since early September as short-term momentum improves. The cryptocurrency has broken above a series of lower price highs last month and indicators suggest continued upside, initially toward the $52,000-$55,000 resistance range. The sell-off last month was limited to the 100-day moving average around $40,000, which is also where a breakout occurred on August 6. Buyers gathered strength as price consolidated for several days, which preceded a fresh breakout above $46,000 last week. The relative strength index (RSI) on the daily chart is not yet overbought, ... (full story)