Bitcoin Trades Above 50-Day Moving Average as Bullish Momentum Builds

Bitcoin (BTC) trades more and more bullishly these days. The world’s favourite crypto reclaimed a pivotal technical level by surging past its 50-day moving average and briefly rising above $74,000, before pulling back to around $73,300, a 2.4% gain in the last 24 hours, according to CoinGecko. Traders and fans alike are now wondering if the latest upswing represents a potential end to the consolidation phase th…