Bitcoin bounces from 50-day trend line with $72K BTC price now key focus

Bitcoin traders agreed that BTC price action needed to retake $72,000 to open up the odds of further upside as gold and US stocks gained.

Bitcoin (BTC) returned to $72,000 on Wednesday as gold continued its rebound from four-month lows.

Key points:

Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000.

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