Step Aside, DOGE
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Chart of the Day
BTC rose above the $50,000 psychological barrier again, proving that the breakout on Tuesday near $50,800 was no spur-of-the-moment. Despite the sharp correction after reaching ATH, strong support in the $48k zone buoyed the price up to levels well above both the 50 and 100 hourly moving average. There is also a breakout above the contracting triangle near $49,500, showing great promise in retesting previous highs near $50,800. And if the momentum continues, it might easily push the price to above $51k, or even $52k.