Cryptocurrencies
As Libra Fallout Continues, Bitcoin Finds Support in Technicals
- Largest digital coin bounces off its 50-day moving average
- GTI Vera Band Indicator shows another run-up could be ahead
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While the fallout over Facebook Inc.’s controversial cryptocurrency project drags on, technical signals are painting a brighter picture ahead for Bitcoin.
The world’s largest cryptocurrency by market value appears to have solid support around its 50-day moving average -- it bounced off that level twice last week, during which the coin lost close to 12%.