After several challenging months, the cryptocurrency market is recording slow gains again, driven by its largest asset by market capitalization – Bitcoin (BTC), which has recently crossed an important threshold for the first time since the collapse of the crypto trading platform FTX.
Indeed, recent charts have demonstrated that Bitcoin has had a confirmed break above its 50-day moving average (MA) for the first time since the crash of once one of the largest crypto exchanges in the world, investment insights platform Game of Trades highlighted on its Twitter profile on January 10.
Bitcoin price movements. Source: Game of Trades
According to the analytics platform’s post, after the break above $16,857, the next key resistance level that the maiden cryptocurrency will have to break above for a bullish continuance has currently formed in the area at around $17,600, with the next resistance located at $19,031.
Bitcoin price analysis
Meanwhile, the flagship digital asset was changing ha
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