BITCOIN is nearing the key $50,000 level as it continues to rise out of a multi-month period of weakness.
The largest cryptocurrency reached as high as $49,704, the highest since May 16, midday Saturday in New York. Its rally is overcoming a rare confluence of technical obstacles, including an April low of about $47,000 and a Fibonacci and Ichimoku cluster between $47,000 and $48,000.
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