![Bitcoin-BTC-Price-Hovers-Over-46K-as-Year-of-Long.jpg Shaurya Malwa](https://cryptotoptrends.com/wp-content/uploads/2024/02/Bitcoin-BTC-Price-Hovers-Over-46K-as-Year-of-Long-678x381.jpg)
“Bitcoin rose above its 50-day moving average late Wednesday, confirming the bullish medium-term trend and easing fears of a deeper correction,” said Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “On a weekly basis, bitcoin and the broader crypto market have gained strength after a long period of consolidation and are now poised to make new highs.”
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