fxstreet.com 29 Jan, 2021 11:30 am

Elon Musk buys Bitcoin igniting the next bull run

Elon Musk buys Bitcoin igniting the next bull run
The cryptocurrency market is a bust of activities as we usher in the weekend session. Dogecoin was pumped by traders on Reddit and speculators on Twit

For now, BTC is back to trading above all the three applied moving averages; the 50 SMA, 100 SMA, and 200 SMA.Gains above the 50 SMA and 200 SMA cemented the bulls’ presence in the market.Other critical levels to keep in mind are the 50 SMA and 200 SMA.A bearish leg under the 100 SMA or $34,000 may trigger massive sell orders.

28, moments after stepping above the crucial 100 SMA.XRP/USD 4-hour chart It is worth mentioning that Ripple must hold onto the 100 SMA support to sustain the uptrend.

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