CoinScoopAnalyst: Bitcoin Surpasses 50-Week Moving Average, Targeting $89,000
Analyst PlanB stated that Bitcoin has moved above its 50-week moving average of approximately $79,000, setting a new target at the 100-week moving average of $89,000. He declared the bear market over, citing improvements in profitability metrics and the monthly RSI as indicators of a bullish trend.
Summaries are written by AI from the original article. Not investment advice.