Bitcoin Closes Above 50-Week Moving Average, Signal Flips Bullish

Bitcoin Magazine

Bitcoin Bull Market Engaged? 50-Week Moving Average Flips Bullish

For the first time in this cycle, Bitcoin has closed its weekly candle above the 50-week simple moving average. Sean Hagan assigns roughly 80% confidence to this being a true regime shift. In this Chart of the Day, he and Grace Remington examine why this indicator has historically marked the boundary between bull and bear markets, what one more weekly close would confirm, and the only two times in Bitcoin's history that the signal failed. With Bitcoin up nearly 10% on the week and pushing past $86K, the timing aligns almost exactly with the one-year period from all-time high to cycle bottom.

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