Bitcoin was trading almost 3 percent higher on Thursday as it attempted to bust up through a resistance area at the $45,814.61 level. The cryptocurrency market has been on an upswing in recent weeks after apex cryptos Bitcoin and Ethereum hit bottom on Jan. 24 at the $32,933.33 and $2,159 mark, respectively. The current trend looks set to continue especially if Bitcoin can rise up over the $49,000 level where the 200-day simple moving average is currently trending. If the crypto can regain the level as support, the 50-day SMA will eventually cross above the 200-day, which would create a bullish golden cross. The Bitcoin Chart Bitcoin is trading in a confirmed uptrend with the most recent higher low printed on Feb. 3 near the $36,400 level and the most recent higher high forming on Thursday. Eventually, the crypto will need to print another higher low, which could provide traders not already in …
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