CoinScoopGalaxy research head: BTC weekly close above 50-week moving average confirms bear market bottom
Galaxy head of research Alex Thorn stated on X that Bitcoin's weekly close above the 50-week moving average marks the first such occurrence in 45 weeks. Historically, reclaiming this level confirms the bear market bottom, with Bitcoin having risen 29% over the past 35 days.
Summaries are written by AI from the original article. Not investment advice.