A closely watched momentum indicator signals a near 200% rally for bitcoin, in one chart

Bitcoin enjoyed a big jump. Early April is shaping up very nicely for the largest cryptocurrency.

Chartist are excited pulling the bulls out of the woods. Bitcoin crossed an important level which has many believing a change in sentiment is in order.

Bitcoin closed above its 200 day moving average for the first time in a year. This has bulls very optimistic since it traditionally meant a 193% run.

From the present level, this would mean a jump above $13,000.

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