Traders are once again hoping for a bullish run as a fresh slash of green spread across the entire crypto market. Interestingly, the 50-DMA indicator shows that the cryptocurrency might be in a good shape for further gains.
Bitcoin surged to $45,500 today for the first time since January 5th as the cryptocurrency market managed to reclaim the $2 trillion mark.
Although BTC failed to sustain the $45,000 levels and is currently trading slightly below the $44,000 region, the leading cryptocurrency flashed an indicator that was last seen before a massive rally last year.
Yesterday, BTC closed above the 100-day period displaced moving average (DMA), an indicator that things are looking good again for the asset.
A displaced moving average (DMA) is a type of moving average (MA) indicator that helps to determine trend directions. If the price closes above the MA, it is above average, which could be a sign of an uptrend. However, when the price closes below the MA, it indicates a downtrend.
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We współpracy z: https://cryptopotato.com/last-time-this-indicator-flashed-bitcoin-spiked-almost-100/
