Bitcoin Reverses Course Again, Trades Towards 20-Day Moving Average

Bitcoin’s (BTC) price rose 2.4% on Wednesday on above-average volume compared with its 20-day moving average. Bitcoin started the day in positive territory as traditional U.S. markets opened, logging four consecutive positive candles on its hourly chart. A trading candle represents the open, high, low and close price for an asset during a selected time frame. The largest cryptocurrency by market cap reclaimed the $19,000 price point, but continues to trade below the psychologically important $20,000 mark.