Bitcoin closes above 50-week moving average, signaling potential end to bear market

Bitcoin has closed above its 50-week moving average for the first time in 45 weeks, trading around $81,200. According to Galaxy Digital (Galaxy Research) head of research Alex Thorn, this technical milestone has historically signaled a market bottom in 11 out of 13 instances since 2011. While the data suggests a trend reversal, analysts note that the $82,000 level remains a significant resistance point.