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The daily price chart has shown the 50-day moving average climbing above the 200-day moving average, a substantial growth signal. The golden cross could potentially lead to an uptrend as it may attract more buying pressure.The recent dip to the support level around $0.50 was met with a strong buy-back, pushing the price to a higher high. As another higher high gets painted, XRP might finally enter a prolonged uptrend and reverse for good.
Looking closely at the numbers, Bitcoin has shown us a bottom, known as the"head," at around $62,430, which is a key level for Bitcoin. After that, it went up and came back down to form the"shoulders" at around $68,000, but not as low as the head. This is important because it shows that Bitcoin does not want to go lower than that head level.is now moving upwards, making what we call a"higher high.
Source: News Formal (newsformal.com)
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