CoinScoopBitcoin Surpasses 50-Week Moving Average for First Time in 45 Weeks
Bitcoin (BTC) has closed its weekly candle above the 50-week moving average, a level it had not surpassed in 45 weeks. According to a report by Alex Thorn, head of research at Galaxy Digital, this milestone is being viewed by some as a potential signal that the bear market has bottomed out.
Summaries are written by AI from the original article. Not investment advice.