Bitcoin eyes new record high

Bitcoin has managed to establish a foot hold above 50K despite the DXY strength and not-so-steady stock markets.

The cryptpucurrency's quick recovery from below the 5-week SMA, validates the bullish bias signaled by that ascending technical line.

As such, a move to fresh record highs above 59K looks likely.

Bitcoin (Cryptocurrency)Chart PatternsmarketsTrend Analysis

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