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.
Source: https://www.coindesk.com/markets/2022/09/28/market-wrap-bitcoin-reverses-course-again-trades-towards-20-day-moving-average/?utm_medium=referral&utm_source=rss&utm_campaign=headlines