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Bitcoin Climbs Back Over $50,000 After Weekend Flash Crash

  • Cryptocurrency recovers to top its 200-day moving average
  • Ether is seen gaining support around $3,500 price level
Cryptocurrency Kiosks Amid Bitcoin, Ether Record Rally
Photographer: Moe Zoyari/Bloomberg
Updated on

Bitcoin climbed back above $50,000 as traders comb through the wreckage of this weekend’s flash crash. 

Bitcoin has bounced back above its 200-day moving average after slumping as much as 22% on Saturday. Technical analysts say the next key level to watch, should it start to rally, would be its average price over the past 100 days. Still, any selloff could see support at the 200-day average price around $46,300 followed by $40,000.