The long-term indicator for the Bitcoin price has risen for the first time in the whole year. The 200-day moving average is the widely used indicator to decide on the long-term market trend. The 200-day MA has confirmed a long-term bearish-to-bullish trend.





When calculating the moving averages, the past data is taken into consideration. The short-term corrective prices are also considered. In cases where the price moves below the MA, it will weaken the long-term bullish outlook. The odds are now stacked favoring the Bitcoin bulls.





Iranians have been blocked from LocalBitcoins, and Iranian users have been experiencing problems in posting and executing trades. This move is probably related to sanctions. Investors are experiencing the sting of the sanctions.





In response to queries, the website posted, “If you have an account already, you will be able to withdraw your Bitcoin, but you will not be able to use the platform for trading.”

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