Bitcoin Price Rests Above Key Indicator Amid ‘Return of Retail Investors’

Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions.

Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14.

“After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO…


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