BTC/USD above 20-weekly

٢٨ يناير ٢٠٢٠

On a weekly chart we can see that bitcoin was not only able to close above 20-weekly moving average, but also retest it as a support level and now continues going to the upside. This is a significant bullish signal, because last time BTC broke above the 20-weekly moving average and was able to maintain above it, it went on an over 230% bull run.