Bitcoin (BTC/USD) scopes to post fresh highs in the short-term

Bitcoin (BTC/USD) scopes to post fresh highs in the short-term

Bitcoin has had a significant recovery in recent weeks, more exactly since February 6, where it abandoned the prospects of fracturing below the psychological barrier of $6,000. Indicators in the short term are guiding the path of the BTC/USD pair, which is consolidating above the 50-hour moving average.

Now, cryptocurrency is trading above the 11,290 level and is likely to remain within the current bullish tone. The Parabolic SAR is beginning to show support for the pair and the fractals are helping to act as pivots.

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