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Bitcoin nears risk-on mode after successfully testing $30,000 as support, a technical analyst says

Bitcoin 2021 Photo by Joe Raedle/Getty Images Bitcoin is on the verge of entering risk-on mode after repeatedly testing $30,000 support level, Fairlead Strategies said.Bitcoin is now approaching its 50-day moving average near $38,200 after it reclaimed its 20-day moving average."We would view a breakout above the 50-day MA as a positive catalyst supporting a test of secondary resistance near $44,000," Fairlead's Katie Stockton said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin is nearing risk-on mode after it repeatedly tested the $30,000 level as support, Fairlead Strategies co-founder Katie Stockton said in a note on Monday."Risk-on is likely to come back to the cryptocurrency space if the relief rally persists, as expected," Stockton said.Bit...