Bitcoin rallies, tops key technical level for first time since early May

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Bitcoin continues to surge higher Sunday night, nearing the $38,000 level.

Bitcoin BTCUSD, +10.05% surged Saturday and into Sunday, recently trading at $37,973. according to CoinDesk, after recovering from its dive below the $30,000 level on Tuesday. Bitcoin is up nearly 20% over the past five days.

The weekend gain put bitcoin above its 50-day moving average for the first time since May 9, according to CoinDesk data. The world’s largest cryptocurrency got a boost from some influential names last week, after positive comments by Tesla CEO Elon Musk, Twitter CEO Jack Dorsey and ARK Invest’s Cathie Wood.

The price of ethereum ETHUSD, +5.80% also saw a weekend surge, and is up more than 17% over the past five days. Dogecoin DOGEUSD, +5.35% is up a more modest 8% over that time. Bitcoin is up 21% over the past month, and is 30% higher year to date, though more than 40% off its April high.

 

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Bottomed called on July 22st... +20% since then, now everyone wants to talk about....

Central banks don't want the competition. Bitcoin will be regulated out of existence.

Great thing, I am almost break even with BTC and Dogecoin

bitcoin A few hours ago I thought 42k was possible, but seeing the price tanking to 39k area, now I think 47k is a more likely target. D23moon is a super underrated bitcoiner I’ve been following her tweets and tips seriously & I’ve been doing really great Follow her $BTC

thanks

bitcoin performing amazingly well Recovered fast from 28900 dips meaning that bulls are active Stayed above 38000 for about 2 minutes I’ve been following Ckcrpyt tweets and predictions seriously and I’ve been holding firmly she’s an underrated specialist in crypto Follow her

Ultimately, the $BTC bulls will regain control in the short-term upon Weekly Close above the $38K area btc will surprise everyone I’ve been following btcadd tweets and predictions seriously and I’ve been holding firmly she’s an underrated specialist in crypto Follow her

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